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Taxi Fares Are Going Up 23% in New York City

  • Yellow and green cab meter rate to rise to $3.00 from $2.50
  • Drivers sought higher fares amid inflation, labor scarcity
Taxis wait to pick up commuters in New York.

Taxis wait to pick up commuters in New York.

Photographer: Bess Adler/Bloomberg
Updated on

New York City cab riders will see a 23% increase in metered fares, the first hike since 2012, following a Tuesday vote from the city’s Taxi and Limousine Commission. 

Passengers will also face an increase in rush hour and overnight surcharges, and airport flat rates, according to a document released by the TLC. The increases will also affect per-mile and per-minute rates for Uber Technologies Inc. and Lyft Inc. and are expected to go into effect before year-end, the TLC said.