New York City’s yellow taxis are more than just a way to get from point A to point B—they’re an essential part of the city’s identity. From classic movies to real-life street scenes, these bright yellow cabs symbolize the fast-paced, always-moving energy of NYC. But in an era of ride-hailing apps and shifting transportation trends, how are yellow taxis holding up?
Let’s take a look at their rich history, their place in today’s transportation landscape, and why they’re still an enduring symbol of the Big Apple.
The Birth of the Yellow Taxi
NYC’s taxi industry dates back over a century, but the bright yellow color we recognize today wasn’t always standard. In 1907, entrepreneur Harry N. Allen founded the New York Taxicab Company and painted his fleet yellow to make them stand out in traffic. The idea stuck, and by 1915, yellow taxis became the norm.
How Many Taxis Are There in NYC?
One of the most common questions about NYC taxis is: how many taxis are in NYC? The official number has remained fairly stable due to the city’s medallion system, which regulates how many cabs can legally operate.
As of early 2025, 13,587 yellow taxi medallions were issued in New York City. However, due to industry challenges—including the rise of Uber and Lyft—many medallions are not in use. It’s estimated that about 9,000 yellow taxis are currently active, while around 4,000 remain in storage from the pandemic-era slowdown.
The Taxi Medallion System
In 1937, NYC introduced the medallion system, requiring taxis to have a city-issued license to operate. Over the years, these medallions became highly valuable—reaching over $1 million at their peak in the early 2010s. However, as ride-hailing services gained popularity, demand for medallions plummeted, sending prices into freefall.
The Rise of Ride-Hailing Apps
Apps like Uber and Lyft disrupted the taxi industry, giving riders more options and often lower fares. The impact was dramatic:
- In 2013, NYC yellow taxis completed over 13 million rides per month.
- By 2019, that number dropped to 6.7 million rides per month—almost a 50% decline.
The pandemic made things even worse, forcing thousands of taxis off the road.
A Comeback for NYC Taxis?
Despite the setbacks, yellow cabs are making a comeback. In early 2025, NYC data shows:
- Taxi trips in Manhattan’s congestion zone increased 19% in January 2025 compared to last year.
- More passengers are choosing yellow taxis again, especially in high-traffic areas.
- Medallion values have stabilized, though they remain far below their peak.
One key reason for the resurgence? The city has begun integrating yellow taxis into app-based platforms, allowing riders to book cabs through Uber and other apps. This change is helping cabs stay competitive.
Why NYC Taxis Aren’t Going Anywhere
Despite competition, NYC’s yellow taxis continue to thrive because:
- They’re part of the city’s DNA – Tourists and locals alike associate yellow cabs with the classic New York experience.
- They have the right to street hails – Unlike Uber and Lyft, taxis can legally pick up passengers without a pre-arranged ride.
- They offer a set fare from JFK Airport – The flat-rate taxi fare from JFK to Manhattan is a perk many travelers still prefer over surge-priced rideshare options.
The Future of NYC Taxis
While the taxi industry isn’t what it was 20 years ago, it’s far from extinct. If anything, it’s evolving to meet modern demands. With the integration of app bookings, a resurgence in demand, and the city’s unwavering love for its yellow cabs, NYC taxis are proving they’re still an essential part of the city’s fabric.
Customer Reviews
Thanks for submitting your comment!