prices synced 2026-09-11

GPT-3.5 Turbo

retired

OpenAI · Released Mar 2023

Compare

The ChatGPT API model — *the* price-decline story, with three cuts in under a year taking it from $2/$2 to $0.50/$1.50. Replaced by GPT-4o mini in July 2024.

Input / 1M

$0.5

Output / 1M

$1.50

Cached input / 1M

—

Context window

16K

Price history

Input (solid)Output (dashed)
Price per 1M tokens over timeOutput went from $2.00 to $1.50; Input went from $2.00 to $0.5 between Mar 2023 and Jan 2024.$0$0.5$1.00$1.50$2.00Output on 1 Mar 2023: $2.00Output on 13 Jun 2023: $2.00Output on 6 Nov 2023: $2.00Output on 25 Jan 2024: $1.50Out $1.50Input on 1 Mar 2023: $2.00Input on 13 Jun 2023: $1.50Input on 6 Nov 2023: $1.00Input on 25 Jan 2024: $0.5In $0.5Mar 2023Jan 2024

Price change

30d
in — out —
90d
in — out —
1y
in — out —
Since launch
in decreased 75.0% out decreased 25.0%

Snapshots

Effective Input Output Cached in Note Source
25 Jan 2024 $0.5 $1.50 — gpt-3.5-turbo-0125 — third cut in a year openai.com/pricing
6 Nov 2023 $1.00 $2.00 — gpt-3.5-turbo-1106, announced at DevDay openai.com/pricing
13 Jun 2023 $1.50 $2.00 — 25% input price cut openai.com/pricing
1 Mar 2023 $2.00 $2.00 — Launch at $0.002/1K tokens, flat across input and output openai.com/pricing

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