GPT Mini Latest
$0.75 per 1M input tokens and $4.50 per 1M output tokens · 400K context · vision, tools, reasoning, JSON.
Prices checked Oct 21, 2026 · tracked by LLM Cost Index since Oct 21, 2026
What GPT Mini Latest 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 | $502 |
| Document Q&A (RAG) 500 questions a day over retrieved documents | $95.17 |
| Coding / tool-using agent 200 tasks a day, long tool-heavy contexts | $196 |
| Content generation 30 long articles a day | $12.15 |
| Classification / extraction 100,000 short items a day | $878 |
Price history
We started tracking GPT Mini Latest 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 Mini Latest
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 |
|---|---|---|---|---|
| MiMo-V2.6-Pro Xiaomi | $0.435 | $0.87 | 1.05M | visionaudiotoolsreasoningJSONopen weights |
| 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 |
| DeepSeek V4.1 Flash 1017 DeepSeek | $0.30 | $1.20 | 1.05M | visiontoolsreasoningJSONopen weights |
| GPT-6 Luna OpenAI | $0.10 | $0.50 | 1.05M | visiontoolsreasoningJSON |
How to pay less for GPT Mini Latest
For a customer chatbot (1,000 conversations a day, 8 turns each) that costs $648 a month at list price without caching:
| Option | Per month | You save |
|---|---|---|
| Move to MiMo-V2.6-Pro (similar capabilities) | $136 | $512 (79%) |
| Use prompt caching (60% of input cached) | $502 | $146 (22%) |
Other workloads: cut-your-bill tool for GPT Mini Latest.
Specifications
| Model ID | ~openai/gpt-mini-latest |
| Input | file, image, text |
| Output | text |
| Tool calling | Yes |
| Structured output | Yes |
| Reasoning mode | Yes |
| Open weights | No |
| Knowledge cutoff | 2025-08-31 |
| Released | Apr 27, 2026 |
| Web search | $0.01 per request |
FAQ
- How much does GPT Mini Latest cost?
- $0.75 per million input tokens and $4.50 per million output tokens; cached input costs $0.075 per million. Prices as of Oct 21, 2026.
- What is the context window of GPT Mini Latest?
- 400K tokens, with up to 128K output tokens per response.
- Does GPT Mini Latest support images, tools and structured output?
- Images as input: yes. Tool calling: yes. Structured (JSON) output: yes. Reasoning mode: yes.
- What are cheaper alternatives to GPT Mini Latest?
- Models with the same key capabilities for at least 20% less include MiMo-V2.6-Pro ($0.435 / $0.87), Claude Haiku 5.5 ($0.10 / $0.50), GLM 5.3 Flash ($0.041 / $0.12).
More from ~openai: all ~openai models · how we collect prices