Factor in the entry fee. No matter where you go in Austin, as of May, 2011, you'll have to pay an initial fee of $2.65 for the first 1/5 mile of your trip.
Factor in each additional 1/5 mile. As of May, 2011, Austin cabs charge 0.46 cents for every additional 1/5 mile. There is a $2.30 fee per mile after the first mile as of May, 2011.
Factor in wait times. The meter will keep on ticking, even if you sit in traffic for a long time. As of publication time, there is a 0.45 cent per minute "wait time" fee. If you plan to rent a cab for the day, you should know that there's a $27 per hour wait time fee.
Factor in Airport trip minimums. If you're taking a cab from the airport, be aware that as of 2011 there is a four mile trip minimum and a $1 airport surcharge; this minimum airport fare will cost you $12.85.
