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OpenAI: GPT-3.5 Turbo API Pricing

OpenAI: GPT-3.5 Turbo costs $0.500 per 1M input tokens and $1.50 per 1M output tokens. Context window: 16K. Prices verified 2026-08-23 Β· source

Input / 1M tokens
$0.500
Output / 1M tokens
$1.50
Context window
16K
Max output
4K

What would OpenAI: GPT-3.5 Turbo cost you per month?

WorkloadRequests/moAvg tokens (in/out)Est. monthly cost
Light chatbot10,000800 / 400$10.00
Coding agent5,0008,000 / 2,000$35.00
RAG pipeline30,0004,000 / 500$82.50
Doc summarizer2,00020,000 / 1,000$23.00

Estimates use list prices without prompt caching. Caching can cut input cost by up to 90% on repeated context.

About OpenAI: GPT-3.5 Turbo

GPT-3.5 Turbo is OpenAI's fastest model. It can understand and generate natural language or code, and is optimized for chat and traditional completion tasks. Training data up to Sep 2021.

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Official resources