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Boston Taxis- What Are They Worth?.
established around 1630. It will be known as the “cultural capital” of the surrounding area of New England. As a city
Boston taxi services cost more than many other comparable metropolitan cities in the states. Initial expense is $2.60.
In many ways
To Boston taxi drivers — most of them immigrants who average 72 hours a week taking somebody else’s taxi cab to net maybe $550 — the medallions are like magic, secrets to better lives for themselves and their families. Resultantly, the medallions that cost $50 in 1935 now sell for far more, which makes them the 2nd most expensive in the country after New York City’s. As the rate keeps climbing, the cabbies keep driving and driving and trying to continue.
Plus the poor financial situation along with the climbing gas prices. It is no wonder that Boston taxis are expensive.