The cost of a tri-tip depends on factors like location, availability, and quality. Generally speaking, tri-tip is considered a more affordable beef cut than premium cuts like ribeye or filet mignon. Additionally, despite being tri-tip less expensive than other cuts, while still being delicate and having a good, meaty flavor. Since there are only two tri-tips on an entire cow, locate a good butcher, as they may not be popular where you live. In some regions, tri-tip is more popular and readily available at a lower price point. But the price might be higher in areas where tri-tip is less common or considered a specialty cut. Tri tips have become a very popular choice for backyard barbecues, grilling, and smoking.