Prices are per 1M tokens. All data verified Jul 9, 2026. Full pricing table →

# Model Provider Input Output Context
1 Gemini 2.5 Flash-Lite Google $0.075 $0.30 1M
2 GPT-oss 20B OpenAI $0.08 $0.35 128K
3 Gemini 2.5 Flash-Lite Google $0.10 $0.40 1M
4 Llama 3.1 8B Meta (Together.ai) $0.10 $0.10 128K
5 Llama 4 Scout Meta (Together.ai) $0.11 $0.34 10M
6 DeepSeek V4 Flash DeepSeek $0.14 $0.28 1M
7 GPT-4o mini OpenAI $0.15 $0.60 128K
8 GPT-oss 120B OpenAI $0.15 $0.60 128K
9 Mistral Small 4 Mistral $0.15 $0.60 128K
10 Llama 4 Maverick Meta (Together.ai) $0.20 $0.60 10M
11 GPT-5 mini OpenAI $0.25 $2.00 272K
12 DeepSeek V3 DeepSeek $0.27 $1.10 128K
13 Mistral Large 3 Mistral $0.50 $1.50 128K
14 Command R Cohere $0.50 $1.50 128K
15 DeepSeek V4 Pro DeepSeek $0.44 $0.87 1M
16 Kimi K2.6 Moonshot $0.90 $3.75 256K
17 Claude Haiku 4.5 Anthropic $1.00 $5.00 200K
18 Gemini 2.5 Pro Google $1.25 $10.00 1M
19 GPT-5 OpenAI $1.25 $10.00 272K
20 GPT-5.3 Codex OpenAI $1.75 $14.00 400K
21 Gemini 3.1 Pro Google $2.00 $12.00 1M
22 Jamba 1.5 Large AI21 $2.00 $8.00 256K
23 GPT-4o OpenAI $2.50 $10.00 128K
24 Command R+ Cohere $2.50 $10.00 128K
25 Claude Sonnet 4.6 Anthropic $3.00 $15.00 200K
26 Claude Sonnet 4.6 Anthropic $3.00 $15.00 1M
27 Grok Build 0.1 xAI $0.30 $0.50 256K
28 GPT-5.5 OpenAI $5.00 $30.00 1M
29 Claude Opus 4.7 Anthropic $5.00 $25.00 1M
30 Claude Opus 4.8 Anthropic $5.00 $25.00 1M
31 Llama 3.1 70B Meta (Together.ai) $0.88 $0.88 128K
32 Claude 4 Opus Anthropic $15.00 $75.00 200K
33 Grok 4.3 xAI $1.25 $2.50 1M
34 GPT-5.5 Pro OpenAI $30.00 $180.00 1M

Real Cost Scenarios

Let's see what these prices actually mean for real workloads. We'll model three common use cases.

Scenario 1: Simple Chatbot (10K requests/day)

A customer support chatbot with ~500 input tokens and ~300 output tokens per request.

Monthly Cost Comparison

Gemini 2.5 Flash-Lite$3.78/mo
DeepSeek V4 Flash$6.72/mo
GPT-4o mini$9.90/mo
DeepSeek V4 Pro$14.49/mo
Claude Haiku 4.5$60.00/mo
GPT-5$127.50/mo
Claude Sonnet 4.6$180.00/mo
Cheapest vs Most Expensive48x difference

Scenario 2: Code Assistant (5K requests/day)

A coding assistant with ~2,000 input tokens and ~4,000 output tokens per request (longer outputs).

Monthly Cost Comparison

Gemini 2.5 Flash-Lite$22.50/mo
DeepSeek V4 Flash$21.00/mo
GPT-4o mini$54.00/mo
DeepSeek V4 Pro$68.10/mo
Claude Haiku 4.5$360.00/mo
GPT-5$675.00/mo
Claude Sonnet 4.6$945.00/mo
Cheapest vs Most Expensive45x difference

Scenario 3: RAG Pipeline (1K requests/day)

A RAG system with ~4,000 input tokens (context + query) and ~1,000 output tokens.

Monthly Cost Comparison

Gemini 2.5 Flash-Lite$5.40/mo
DeepSeek V4 Flash$5.46/mo
GPT-4o mini$12.60/mo
DeepSeek V4 Pro$17.46/mo
Claude Haiku 4.5$135.00/mo
GPT-5$180.00/mo
Cheapest vs Most Expensive33x difference

Best Budget Models by Use Case

Best for Simple Tasks (Classification, Extraction, Formatting)

Gemini 2.5 Flash-Lite ($0.075/$0.30) or Llama 3.1 8B ($0.10/$0.10). These models handle straightforward tasks with minimal quality loss at 90%+ savings vs premium models.

Best for Code Generation

DeepSeek V4 Pro ($0.44/$0.87). Best price-to-quality ratio for coding. 1M context window handles large codebases. For simpler completions, Mistral Small 4 ($0.15/$0.60)) is a strong budget pick.

Best for Long Context

Llama 4 Scout (1M context) or Gemini 2.5 Flash-Lite ($0.10/$0.40) with 1M context. Both are extremely affordable for long-document processing.

Best for RAG Pipelines

DeepSeek V4 Flash ($0.14/$0.28). 1M context window, very low output cost. For RAG with shorter contexts, GPT-4o mini ($0.15/$0.60) is also competitive.

Best Quality-per-Dollar (Mid-Tier)

DeepSeek V4 Pro ($0.44/$0.87) or Mistral Large 3 ($0.50/$1.50). Both offer strong reasoning at a fraction of GPT-5/Claude Sonnet pricing.

How to Choose the Right Model

The cheapest model isn't always the best choice. Here's a decision framework:

  1. Start with the task complexity. Simple tasks (classification, extraction, formatting) → budget models. Complex reasoning, code generation, creative writing → mid-tier or premium.
  2. Consider output length. If your outputs are long (code, analysis), output pricing matters more. DeepSeek and Gemini have the lowest output costs.
  3. Check context window needs. If you're processing long documents, you need 1M+ context. Gemini Flash and Llama 4 Scout are the cheapest with large contexts.
  4. Test before committing. Use our Prompt Cost Calculator to model your exact workload across all 67 models.

Calculate Your Exact Costs

Paste your actual prompt and see costs across all 67 models. Find the cheapest option for your specific workload.

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Key Takeaways

  • GPT-oss 20B is the cheapest at $0.08/$0.35 per 1M tokens
  • Budget models are 30-400x cheaper than premium models for most tasks
  • DeepSeek V4 Pro offers the best price-to-quality ratio for complex tasks
  • Output pricing matters more than input pricing for most use cases
  • Test with real prompts — use our calculator to find the sweet spot for your workload

Methodology

All prices sourced directly from provider pricing pages, verified Jul 9, 2026. Prices are per 1M tokens. We track 67 models across 10 providers: OpenAI, Anthropic, Google, DeepSeek, Mistral, Cohere, Meta (Together.ai), Moonshot, xAI, and AI21. Data is updated monthly. See pricing changelog →

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