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OpenAI: GPT-4o-mini (2024-07-18) API Pricing

OpenAI: GPT-4o-mini (2024-07-18) costs $0.150 per 1M input tokens and $0.600 per 1M output tokens (cache reads: $0.075). Context window: 128K. Prices verified 2026-08-23 Β· source

Input / 1M tokens
$0.150
Output / 1M tokens
$0.600
Context window
128K
Max output
16K

What would OpenAI: GPT-4o-mini (2024-07-18) cost you per month?

WorkloadRequests/moAvg tokens (in/out)Est. monthly cost
Light chatbot10,000800 / 400$3.60
Coding agent5,0008,000 / 2,000$12.00
RAG pipeline30,0004,000 / 500$27.00
Doc summarizer2,00020,000 / 1,000$7.20

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

About OpenAI: GPT-4o-mini (2024-07-18)

GPT-4o mini is OpenAI's newest model after [GPT-4 Omni](/models/openai/gpt-4o), supporting both text and image inputs with text outputs. As their most advanced small model, it is many multiples more affordable...

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Official resources