So Manhattan only, for $1600 pa.  For the Boroughs, closer to $3200.

A Tube Fare (one way) with Oyster Card (prepaid plastic card) is £1.40, by cash £2.50 so $2.80 and $5.00 respectively.

A bus fare is cheap though: £0.80 (and bus fares aren't zoned in the same way).  We have done more than you have (I think) to provide bus only routes in some areas, and 'red zones' (no stopping or you are towed).

We have these new 2 part 'bendy buses' which you get on and off at the back pairs of doors.  There is no longer a conductor (as there was in the Routemaster buses).  The net result of this is, I would estimate, that as many as 1 in 3 riders evades fare.

I am reminded that one of the real breakthroughs on New York crime was to nail fare jumpers.  It turns out that someone who is about to commit other crimes, is also far more likely to jump fare.