Most Expensive Steakhouses in America

The steakhouse is a great American culinary institution, and such places have never been more popular. Steak-centric chains both extravagant (Ruth’s Chris, Fleming’s) and bargain-priced (Outback, LongHorn) continue to proliferate. Almost every city has at least one all-you-can-eat rodizio, or Brazilian-style steak purveyor, like Fogo de Chão or Texas de Brazil. Even big-name chefs like Wolfgang Puck, Tom Colicchio, and José Andrés have gotten into the steakhouse game. (Here’s a list of 30 famous steakhouses owned by celebrity chefs.)

Why are steakhouses so popular? One explanation, perhaps counterintuitively, might have to do with the fact that some people are trying to reduce their consumption of red meat – so when they do eat it, they want it to be really, really good (and cooked by somebody else). Another explanation might be that steakhouses are familiar, dependable, and generous with their portions. When tasting-menu fatigue sets in, being able to sit down and have some oysters or an iceberg wedge, a juicy ribeye with creamed spinach and/or cottage fries on the side, and maybe a slice of cheesecake for dessert becomes very appealing.

The best steakhouses, though, are hardly cheap, and can often rival Michelin-starred gastronomic temples in price. (These are the most expensive Michelin three-star restaurants in the world.)

To assemble a list (by no means exhaustive) of the most expensive steakhouses in America, 24/7 Tempo consulted steakhouse rankings and reviews on sites including Robb Report, Gayot, Yelp, and Tasting Table, then compared menu prices on each restaurant’s website or, when unavailable, on other sites reproducing their current menus. We considered only steakhouse operations with fewer than six locations, thus no big chains. For those that have several locations, we chose the one with the highest menu prices or most expensive steak.  

Click here to see the most expensive steakhouses in America.

The average cost of a three-course steak dinner for one was computed by combining the price of the least expensive steak on each menu with the average prices of an appetizer, a side dish, and a dessert. Tax, tip, and beverages are not included. We omitted caviar and shellfish platters when computing average appetizer prices. The most expensive steak at each restaurant is the most expensive one meant for one person (nothing over 16 ounces was considered). In cases where the average cost of dinner was the same at several restaurants, the one with the most expensive steak per ounce was ranked higher.

The upper echelon of steak prices in U.S. restaurants today has soared higher in recent decades with the increased availability of prized wagyu beef, which is a very expensive commodity. “Wagyu” is the collective name for several breeds of Japanese beef cattle. The meat that actually comes from Japan is often labeled with the name of its place of origin – usually its home prefecture, but sometimes a specific city name, like Kobe (the capital of Hyōgo Prefecture). Japanese cattle breeds are also raised in the United States, Australia, and other countries today (sometimes interbred with other breeds), and wagyu from Idaho, Texas, and elsewhere is increasingly common — though every restaurant on this list also offers top-quality steaks of other kinds for more reasonable prices. 

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