How Much Does 1 Million Tokens Cost Across Leading AI Models?
Exact cost of 1 million tokens for GPT-4o, Claude 3.5 Sonnet, DeepSeek V3, and Gemini 2.0 Flash. Compare 1M input vs output token prices.
For a standard 70/30 input-output distribution of 1 Million Tokens (1M), costs range from a minimum of $0.142 on Gemini 1.5 Flash to $4.75 on GPT-4o. Choosing high-efficiency models like DeepSeek V3 or Gemini 1.5 Flash yields an immediate 97% cost reduction compared to legacy flagship providers.
Cost Ranked by AI Model (1 Million Tokens (1M))
Calculated with 70% input (700k tokens) and 30% output (300k tokens).
| Rank & Model | Provider | Rates (In / Out per 1M) | Total Spend (1 Million Tokens (1M)) | Speed | IQ Score | Action |
|---|---|---|---|---|---|---|
| #1Gemini 1.5 FlashCheapest | $0.07 in / $0.30 out | $0.142 | 180 t/s | 79/100 | Compare → | |
| #2DeepSeek V3 | DeepSeek | $0.14 in / $0.28 out | $0.182 | 85 t/s | 89/100 | Compare → |
| #3Gemini 2.0 Flash | $0.10 in / $0.40 out | $0.190 | 260 t/s | 88/100 | Compare → | |
| #4GPT-4o Mini | OpenAI | $0.15 in / $0.60 out | $0.285 | 145 t/s | 82/100 | Compare → |
| #5Qwen 2.5 72B | Alibaba | $0.35 in / $0.40 out | $0.365 | 110 t/s | 89/100 | Compare → |
| #6Llama 3.3 70B (Groq/Together) | Meta | $0.59 in / $0.79 out | $0.650 | 310 t/s | 88/100 | Compare → |
| #7DeepSeek R1 (Reasoning) | DeepSeek | $0.55 in / $2.19 out | $1.04 | 65 t/s | 96/100 | Compare → |
| #8Claude 3.5 Haiku | Anthropic | $0.80 in / $4.00 out | $1.76 | 130 t/s | 84/100 | Compare → |
| #9o3-mini (Reasoning) | OpenAI | $1.10 in / $4.40 out | $2.09 | 95 t/s | 93/100 | Compare → |
| #10Gemini 1.5 Pro | $1.25 in / $5.00 out | $2.38 | 82 t/s | 90/100 | Compare → | |
| #11Mistral Large 2 | Mistral | $2.00 in / $6.00 out | $3.20 | 80 t/s | 89/100 | Compare → |
| #12Grok 2 | xAI | $2.00 in / $10.00 out | $4.40 | 75 t/s | 91/100 | Compare → |
| #13GPT-4o (Omni) | OpenAI | $2.50 in / $10.00 out | $4.75 | 90 t/s | 92/100 | Compare → |
| #14Claude 3.5 Sonnet | Anthropic | $3.00 in / $15.00 out | $6.60 | 80 t/s | 94/100 | Compare → |
| #15o1 (Reasoning) | OpenAI | $15.00 in / $60.00 out | $28.50 | 45 t/s | 98/100 | Compare → |
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Token & Usage ParametersLLM API
Switching from GPT-4o ($195.00/mo) to Gemini 1.5 Flash ($5.85/mo) saves 97%.
Lowest cost per token, high-frequency tasks, real-time audio/video
State-of-the-art open economics, high-performance general intelligence
Real-time conversational streaming, vision, multimodal processing at speed
High-volume text processing, fast chatbots, structured JSON extraction
Top open-weights coding, math, and multilingual benchmark performance
Open-weights privacy, self-hosting or ultra-cheap hosted inferencing
Complex math, algorithmic reasoning, open deep-thinking workflows
Rapid code completion, customer service, fast structured parsing
Cost-effective scientific & coding reasoning, high-accuracy logic
Massive context (2M tokens), full video/audio analysis, large codebases
Multilingual tasks, European compliance, enterprise code generation
Real-time information synthesis, creative generation, vision analysis
Complex multimodal reasoning, coding, and production enterprise apps
Software engineering, nuanced writing, complex agentic tool use
Advanced mathematics, algorithmic coding, PhD-level scientific logic
Frequently Asked Questions About 1 Million Tokens (1M)
How much does 1 million tokens cost for GPT-4o?
On OpenAI GPT-4o, 1 million input tokens costs $2.50, and 1 million output tokens costs $10.00. For a blended 70/30 workload, 1M tokens costs approximately $4.75.
How much does 1M tokens cost for DeepSeek V3 and R1?
DeepSeek V3 charges only $0.14 per 1M input and $0.28 per 1M output tokens (blended ≈ $0.20 per 1M). DeepSeek R1 charges $0.55 input and $2.19 output (blended ≈ $1.20 per 1M).
How much is 1 million tokens in Claude 3.5 Sonnet?
Anthropic Claude 3.5 Sonnet charges $3.00 per 1M input tokens and $15.00 per 1M output tokens. With prompt caching enabled, cached input drops to $0.30 per 1M (a 90% discount).
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