NYC Subway Fare History: 15¢ in 1962

In 1962, a single New York City subway ride cost 15 cents (equivalent to ~$1.55 today).

Fare Timeline

1962 Context

  • Token: Brass, 23mm, "Y" cutout (anti-slug)
  • Median household income: ~$6,000/year
  • Gas: ~31¢/gal; Milk: ~49¢/gal
  • Subway ridership: ~1.3B/year (vs. ~1.7B pre-COVID peak)

Payment Evolution

  • 1904–1953: Paper tickets, coin
  • 1953–2003: Tokens (5 designs)
  • 1993–present: MetroCard (magnetic stripe)
  • 2019–present: OMNY (tap-to-pay, contactless)
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YearFareNotes
19045¢Original fare (IRT)
194810¢First increase (44 years later)
195315¢Token introduced (Y-cut)
196620¢
197030¢
197235¢
197550¢Fiscal crisis
198060¢
198175¢
198490¢
1986$1.00First dollar
1990$1.15
1995$1.50MetroCard introduced 1993
2003$2.00
2009$2.25
2011$2.50
2013$2.75
2015$2.75Base fare frozen since
2023$2.90First increase in 8 years