Head-to-Head API Cost Benchmark

GPT-4o mini vs Llama 3.1 8B Instant (Groq): API Price & Latency Comparison

On a standard B2B production workload (5,000 req/day), Llama 3.1 8B Instant (Groq) is 75.9% cheaper ($18.86/mo vs $78.19/mo), while Llama 3.1 8B Instant (Groq) leads in token generation speed (750 tok/s).

Side-by-Side Specification & Billing Matrix

Metric GPT-4o mini (OpenAI) Llama 3.1 8B Instant (Groq) (GroqCloud) Advantage
Standard Input / 1M Tokens $0.150 $0.050 Llama 3.1 8B Instant (Groq)
Cached Input / 1M Tokens $0.075 $0.025 Llama 3.1 8B Instant (Groq)
Output Generation / 1M Tokens $0.60 $0.08 Llama 3.1 8B Instant (Groq)
Intelligence / Benchmark Quality 1224 LMSYS Elo 1180 LMSYS Elo GPT-4o mini
Monthly Spend (5k req/day, 50% cache) $78.19 / mo $18.86 / mo Llama 3.1 8B Instant (Groq) (-75.9%)
Context Window 128,000 tokens 128,000 tokens GPT-4o mini
Output Speed (Throughput) 140 tokens/sec 750 tokens/sec Llama 3.1 8B Instant (Groq)
Batch API Discount -50% (OpenAI) -25% (GroqCloud) OpenAI
Primary Workload Fit High-volume classification, extraction, RAG summarization, low-cost chatbots Instant keyword tagging, sentiment scoring, routing prompts at 750+ tokens/sec Workload Dependent
Deploy / Console Access Try GPT-4o mini → Try Llama 3.1 8B Instant (Groq) → Open Full Simulator