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Boston Taxis- Why So Over-priced?.
it has seen hundreds of historic events
There are dozens and dozens of taxi companies operating from Boston. Boston taxis are the third most priced in the united states.
000. That’s what these businesses call a medallion.
To Boston taxi drivers — most of them immigrants who average seventy-two hours a week driving someone else’s cab to profit maybe $550 — the medallions are like gold, secrets to higher quality lives for themselves and their relatives. Due to the fact, the medallions that were $50 in 1935 now demand much more, leading them to be the 2nd costliest in the country after New York City’s. As the value continues ascending, the cabbies keep driving and driving and trying to continue.
Along with the bad economic situation plus the increasing gas prices. It is no wonder that Boston taxis tend to be expensive.