The cost of a 1 oz steak can vary widely depending on factors such as the cut of meat, quality grade, sourcing, and market prices. Generally, premium cuts of beef, such as USDA Prime or Wagyu beef, will be more expensive per ounce compared to standard-grade beef or alternative meats.

At the higher end of the spectrum, specialty cuts like Japanese Wagyu beef, known for its exceptional marbling and tenderness, can cost upwards of $200 per pound (16 oz) or more. This would equate to approximately $12.50 per ounce.

On the other hand, more common cuts of beef, such as USDA Choice or Select-grade ribeye or sirloin, may range in price from $8 to $20 per pound depending on factors like marbling, aging, and sourcing. This would translate to a cost of roughly $0.50 to $1.25 per ounce.

Additionally, factors such as organic or grass-fed production methods, specialty breeds, and regional availability can further influence the price of a 1 oz steak. In some cases, specialty cuts or gourmet options may command even higher prices.

Overall, the cost of a 1 oz steak can vary widely depending on the specific factors mentioned above, but it's important to consider the overall value proposition, including factors such as quality, flavor, and dining experience, when evaluating the price of steak.