Question 1

Is GPT-4o mini cheaper than o3-mini?

Accepted Answer

Under an illustrative mix of 1M input and 200K output tokens, the stored listed rates make GPT-4o mini approximately 86% lower. This directional estimate excludes discounts, fees, taxes, availability, latency, and quality; verify current provider terms.

Question 2

What are the input and output token rates for o3-mini and GPT-4o mini?

Accepted Answer

o3-mini is listed at $1.10 per 1M input tokens and $4.40 per 1M output tokens. GPT-4o mini is listed at $0.15 per 1M input tokens and $0.60 per 1M output tokens.

Question 3

How much can be saved by migrating between o3-mini and GPT-4o mini?

Accepted Answer

Depending on your exact prompt length and output generation volume, switching to GPT-4o mini can reduce raw API token spend by approximately 86%. Use ModelPriceLab's cost diagnose tool to model your specific monthly workload.

Question 4

What should teams evaluate before switching from o3-mini to GPT-4o mini?

Accepted Answer

Before migrating production workloads, engineering teams should evaluate output quality, structured JSON compliance, prompt sensitivity, latency percentiles, rate limits, and fallback strategies.

o3-mini vs GPT-4o mini

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