GPT-4.1 vs OpenAI o4-mini

OpenAI o4-mini is cheaper for every workload modelled here.

List prices checked

Specifications and rates

PropertyGPT-4.1OpenAI o4-mini
Input per 1M$2.00$1.10
Output per 1M$8.00$4.40
Cached input per 1M$0.500$0.275
Blended (3:1)$3.50$1.93
Context window1M200K
Max output33K100K
Inputs acceptedtext, imagetext, image

Source: OpenAI pricing (May 2026) · OpenAI pricing (May 2026). Published list prices only — committed-use discounts, regional variation, and per-request charges are not included. Not yet independently re-checked against the vendor’s page.

Monthly cost by workload

Identical token volumes through both rate cards. Output-heavy profiles are where the ranking flips.

WorkloadGPT-4.1OpenAI o4-miniCheaper
In-app chat assistantA support or help assistant handling a few thousand conversations a month, with short prompts and short answers.$80$44OpenAI o4-minisaves $36/mo (45%)
RAG over documentsRetrieval-augmented answering where each request stuffs several retrieved passages into the prompt, so input dominates.$720$396OpenAI o4-minisaves $324/mo (45%)
Coding agentAn agentic loop that reads files and writes patches, generating heavy output and re-sending large context on every turn.$1,600$880OpenAI o4-minisaves $720/mo (45%)

What each one is for

GPT-4.1

by OpenAI

A million-token context window at a mid-tier price, which remains the reason to reach for it over newer models when the whole codebase has to fit in one request.

OpenAI o4-mini

by OpenAI

Cheap reasoning, strong on maths and code relative to its price. Same caveat as every reasoning model: budget for the thinking tokens, not just the visible answer.

Common questions

Is GPT-4.1 or OpenAI o4-mini cheaper in 2026?
OpenAI o4-mini, for every workload modelled here. On a blended 3:1 basis it costs $1.93 per million tokens against GPT-4.1's $3.50.
Which has the larger context window?
GPT-4.1, at 1M tokens against 200K. A larger window only helps if you can afford to fill it — the cost of one full-context request is in the table above.
Which is cheaper for output-heavy work like agents?
OpenAI o4-mini, at $4.40 per million output tokens against $8.00. Reasoning tokens bill as output, so for agentic loops this axis usually decides the invoice regardless of what the input rates look like.
What is not included in these figures?
Batch-processing discounts, fine-tuning, long-context surcharges above a provider's standard tier, and any enterprise agreement. These are published pay-as-you-go list prices, checked against each provider's own pricing page on the date shown.

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