Meta: Llama 3.2 3B Instruct vs Mistral: Mistral Nemo
On input price, Mistral: Mistral Nemo is ~1.8× cheaper. Verified 2026-10-21.
Meta: Llama 3.2 3B Instruct $0.051/$0.335vsMistral: Mistral Nemo $0.029/$0.030
Verdict
On blended price (3:1 input:output), Mistral: Mistral Nemo is ~4.2× cheaper ($0.029/$0.030 vs $0.051/$0.335 per 1M tokens).
Pricing
Per-million-token list prices, verified 2026-10-21. Green marks the better value.
| Metric | Meta: Llama 3.2 3B Instruct | Mistral: Mistral Nemo |
|---|---|---|
| Input / 1M | $0.051 | $0.029 |
| Output / 1M | $0.335 | $0.030 |
| Cache read / 1M | — | — |
| Blended (3:1) | $0.122/1M | $0.029/1M |
| Estimated monthly cost | Meta: Llama 3.2 3B Instruct | Mistral: Mistral Nemo |
|---|---|---|
| Chatbot10,000 reqs · 800/400 tok | $1.75 | $0.35 |
| Coding agent5,000 reqs · 8000/2000 tok | $5.39 | $1.46 |
| RAG pipeline30,000 reqs · 4000/500 tok | $11.13 | $3.93 |
Plug in your own numbers in the calculator, or paste a real bill into the Bill Shredder.
Specifications & capabilities
| Metric | Meta: Llama 3.2 3B Instruct | Mistral: Mistral Nemo |
|---|---|---|
| Context window | 131K | 131K |
| Max output | 72K | 16K |
| Vision input | – | – |
| Tool calling | – | ✓ |
| Reasoning | – | – |
Provider
Infrastructure metrics for the organizations behind these models.
| Metric | Meta Llama | Mistral AI |
|---|---|---|
| Listed endpoints | 25 | 10 |
| Reliability | 99.5% | 99.5% |
| Avg latency | 420 ms | 400 ms |
| Pricing tiers | standard, free | standard, free |
Full details: Meta: Llama 3.2 3B Instruct pricing · Mistral: Mistral Nemo pricing