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OpenAI: o3 Mini API Pricing

OpenAI: o3 Mini costs $1.10 per 1M input tokens and $4.40 per 1M output tokens (cache reads: $0.550). Context window: 200K. Prices verified 2026-08-23 Β· source

Input / 1M tokens
$1.10
Output / 1M tokens
$4.40
Context window
200K
Max output
100K

What would OpenAI: o3 Mini cost you per month?

WorkloadRequests/moAvg tokens (in/out)Est. monthly cost
Light chatbot10,000800 / 400$26.40
Coding agent5,0008,000 / 2,000$88.00
RAG pipeline30,0004,000 / 500$198.00
Doc summarizer2,00020,000 / 1,000$52.80

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

About OpenAI: o3 Mini

OpenAI o3-mini is a cost-efficient language model optimized for STEM reasoning tasks, particularly excelling in science, mathematics, and coding. This model supports the `reasoning_effort` parameter, which can be set to...

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Official resources