gpt-5-mini pricing
gpt-5-mini costs $0.80 per 1M input tokens and $3.20 per 1M output tokens as of 2026-09-12. A workload of 10M input and 2M output tokens per month runs $14.40. The cheapest comparable alternative is mistral-medium-3 at $2.00 per 1M output tokens.
gpt-5-mini is priced at $0.80 per 1M input tokens and $3.20 per 1M output tokens, with roughly 150 ms to first token and about 120 tokens/sec output throughput.
Last updated . Model pricing is refreshed twice daily.
Price per 1M tokens
Input $0.80 · Output $3.20 · Output/input ratio 4.0x.
- 1M input + 1M output tokens: $4.00
- 10M input + 2M output tokens/month: $14.40
- 100M input + 20M output tokens/month: $144.00
Cheaper alternatives to gpt-5-mini
Same workload, lower output price. Validate quality before switching.
- claude-haiku-4.5 — $2.50/1M output (22% cheaper)
- deepseek-r2 — $2.20/1M output (31% cheaper)
- gpt-4.1-mini — $2.00/1M output (38% cheaper)
- mistral-medium-3 — $2.00/1M output (38% cheaper)
How much are you wasting on gpt-5-mini?
Price lists are the easy part. Run the free waste scanner on your usage export to see which calls should have run on a cheaper tier, which prompts are oversized, and which retries you paid for twice — with dollars recoverable per finding.
Frequently asked questions
How much does gpt-5-mini cost per million tokens?
$0.80 per 1M input tokens and $3.20 per 1M output tokens, as listed on 2026-09-12.
What does gpt-5-mini cost per month at typical usage?
At 10M input and 2M output tokens per month, gpt-5-mini costs about $14.40. At 100M input and 20M output tokens it costs about $144.00.
Is there a cheaper alternative to gpt-5-mini?
Yes. claude-haiku-4.5 at $2.50/1M output, deepseek-r2 at $2.20/1M output, gpt-4.1-mini at $2.00/1M output, mistral-medium-3 at $2.00/1M output. Validate quality on your own evaluation set before switching.
How fast is gpt-5-mini?
Roughly 150 ms to first token and about 120 output tokens per second.