GPT-4o-mini (2024-07-18)
$0.15 per 1M input tokens and $0.60 per 1M output tokens · 128K context · vision, tools, JSON.
Prices checked Oct 21, 2026 · tracked by LLM Cost Index since Oct 21, 2026
What GPT-4o-mini (2024-07-18) costs per month
Estimated monthly bill for typical workloads, using the cached-input price for repeated context. Try your own numbers in the cost calculator.
| Workload | Per month |
|---|---|
| Customer chatbot 1,000 conversations a day, 8 turns each | $88.20 |
| Document Q&A (RAG) 500 questions a day over retrieved documents | $17.32 |
| Coding / tool-using agent 200 tasks a day, long tool-heavy contexts | $48.15 |
| Content generation 30 long articles a day | $1.75 |
| Classification / extraction 100,000 short items a day | $162 |
Price history
We started tracking GPT-4o-mini (2024-07-18) on Oct 21, 2026; the chart appears as soon as there is a second data point. See all recent price changes.
Cheaper alternatives to GPT-4o-mini (2024-07-18)
Models with the same tool calling, image input, structured output for at least 20% less (3:1 input/output mix), most capable first.
| Model | Input / 1M | Output / 1M | Context | Capabilities |
|---|---|---|---|---|
| Claude Haiku 5.5 Anthropic | $0.10 | $0.50 | 1M | visiontoolsreasoningJSON |
| GLM 5.3 Flash Z.ai | $0.041 | $0.12 | 1.05M | visiontoolsreasoningJSONopen weights |
| GPT-6 Luna OpenAI | $0.10 | $0.50 | 1.05M | visiontoolsreasoningJSON |
| MiMo-V2.6-Flash Xiaomi | $0.14 | $0.28 | 1.05M | visionaudiotoolsreasoningJSONopen weights |
| DeepSeek V4.1 Flash DeepSeek | $0.049 | $0.375 | 1.05M | visiontoolsreasoningJSONopen weights |
How to pay less for GPT-4o-mini (2024-07-18)
For a customer chatbot (1,000 conversations a day, 8 turns each) that costs $104 a month at list price without caching:
| Option | Per month | You save |
|---|---|---|
| Move to Claude Haiku 5.5 (similar capabilities) | $58.56 | $45.84 (44%) |
| Use prompt caching (60% of input cached) | $88.20 | $16.20 (16%) |
Other workloads: cut-your-bill tool for GPT-4o-mini (2024-07-18).
Specifications
| Model ID | openai/gpt-4o-mini-2024-07-18 |
| Input | text, image, file |
| Output | text |
| Tool calling | Yes |
| Structured output | Yes |
| Reasoning mode | No |
| Open weights | No |
| Knowledge cutoff | 2023-10-31 |
| Released | Jul 18, 2024 |
FAQ
- How much does GPT-4o-mini (2024-07-18) cost?
- $0.15 per million input tokens and $0.60 per million output tokens; cached input costs $0.075 per million. Prices as of Oct 21, 2026.
- What is the context window of GPT-4o-mini (2024-07-18)?
- 128K tokens, with up to 16K output tokens per response.
- Does GPT-4o-mini (2024-07-18) support images, tools and structured output?
- Images as input: yes. Tool calling: yes. Structured (JSON) output: yes. Reasoning mode: no.
- What are cheaper alternatives to GPT-4o-mini (2024-07-18)?
- Models with the same key capabilities for at least 20% less include Claude Haiku 5.5 ($0.10 / $0.50), GLM 5.3 Flash ($0.041 / $0.12), GPT-6 Luna ($0.10 / $0.50).
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