The cost of an individual taxi cab medallion was unchanged in June, according to the New York City Taxi and Limousine Commission.

The medallion, the aluminum plate found on the hood of all cabs in New York City, gives the owner the right to operate a taxi. In June, the average price was unchanged at $704,000 from $704,000 a month earlier. This month 17 individual medallions were transferred; 84 have been transferred in 2012.

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                             June        May      April      March       Feb.
                             2012       2012       2012       2012       2012
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Individual Medallion     $704,000   $704,000   $703,000   $701,000   $705,000
 Monthly change              0.0%       0.1%       0.3%      -0.6%       0.3%
 3-mo. avg. annualized       0.4%       0.2%       2.1%       3.9%       5.9%
# of transfers                 17         18         15         13         11
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Corporate Medallion           n/a $1,000,000 $1,000,000 $1,000,000 $1,000,000
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SOURCE: New York City Taxi and Limousine Commission

To contact the reporter on this story: Ainhoa Goyeneche in Washington at agoyenechecu@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net