The price of this premium cut of beef is influenced by a variety of factors, including the grade of the meat (e.g., USDA Prime, Choice, Select), where it’s purchased (e.g., upscale butcher, supermarket, online retailer), and its weight. Typically, prices range from around $25 to upwards of $50 per pound, with some specialty cuts or sources commanding even higher prices. For example, a single 8-ounce filet mignon steak could cost between $15 and $40.
Understanding the market value of this prized cut is essential for both consumers and businesses. For consumers, it allows for informed purchasing decisions, budgeting, and menu planning. Restaurants and other food service providers benefit from accurate pricing knowledge to set competitive menu prices and manage food costs effectively. Historically, filet mignon has been considered a luxury item, reflecting its tenderness and rich flavor derived from the tenderloin muscle, which does minimal work. This historical perception contributes to its higher price point compared to other cuts of beef.
