In 2013, the first cultured burger cost $330,000 to make. Just under a year ago, Memphis Meats was at $18,000/lb of clean beef produced. Now they're at $9,000/lb. This is before any sort of efficiencies from scale, and before many steps of the process have been anywhere near fully optimized. They expect their costs to reach 2 cents/g by 2021, which would be cost competitive.
And while chickens are somewhat efficient, they're not as efficient as culturing techniques ought to be at scale. Memphis Meats' process will require 3 calories of input to produce 1 calorie of beef. That's just better than chicken, and massively better than beef or pork.