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Cost and performance comparison

Grok 4.5 vs o3-mini

Model AxAI

Grok 4.5

Capability score (editorial)90/100
Cost / 1M Tokens
$3.20
70% in · 30% out mix
Value Index (score÷cost)
28.1
Higher = better value
Speed
89/100
Context
500K
Tier
Smart Tier

List price from the xAI pricing page, verified October 12, 2026.

Check the source

How we verify prices

Model BOpenAI

o3-mini

Capability score (editorial)93/100
Cost / 1M Tokens
$2.09
70% in · 30% out mix
Value Index (score÷cost)
44.5
Higher = better value
Speed
78/100
Context
200K
Tier
Smart Tier

List price from the OpenAI pricing page, verified September 30, 2026.

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How we verify prices

In-depth analysis

Grok 4.5 vs o3-mini: Detailed Comparison

Grok 4.5 is xAI's mid-range-tier language model with a 500K-token context window, excelling at reasoning. o3-mini from OpenAI is a mid-range-tier model supporting 200K tokens in context, with standout performance in reasoning.

o3-mini is both the cheaper and the stronger model here — for the same text it costs 35% less than Grok 4.5 and still leads on combined coding and reasoning by 2 points. There is no tradeoff to weigh on this pair: unless you need something specific from Grok 4.5, the cheaper model is simply the better one. Grok 4.5 is priced at $2.00/M input tokens and $6.00/M output tokens. o3-mini costs $1.10/M input and $4.40/M output.

On iOPTERA's editorial scores, o3-mini leads with 88/100 for coding and 93/100 for reasoning, against Grok 4.5's 89/100 and 90/100.

Capability breakdown

Across the five core benchmark categories, here is how Grok 4.5 and o3-mini stack up head to head:

coding
89
88
reasoning
90
93
data extraction
88
85
creative tasks
89
80
vision/multimodal
86
0

Best model by task

  • coding: Grok 4.5 wins with 89/100
  • reasoning: o3-mini wins with 93/100
  • data extraction: Grok 4.5 wins with 88/100
  • creative tasks: Grok 4.5 wins with 89/100
  • vision/multimodal: Grok 4.5 wins with 86/100

Estimated monthly cost at scale

For 10M + 2M tokens of text a month (counted the way OpenAI's tokenizer counts), Grok 4.5 runs about $32.00 while o3-mini runs about $19.80 — o3-mini saves roughly $12.20 (38%) every month.

What actually decides it

Grok 4.5 and o3-mini come from different labs, which means different tokenizers, different API shapes, and a second vendor relationship. The same English text does not produce the same token count on both, so a price-per-million comparison understates the difference — measure your own prompts on each before treating the headline rates as the full story.

Grok 4.5 and o3-mini are 18 months apart, which is more than one generation in this market. Benchmark comparisons across that gap flatter the older model: it was measured against the evaluations that existed at the time. Treat o3-mini's scores as a floor for what it does well and be sceptical of a close-looking result.

Grok 4.5 carries the larger context window at 500K tokens versus 200K for o3-mini. The gap is real but not decisive — it matters if your prompts routinely run long, and is irrelevant if they sit where most production prompts sit, well under 100K. Bear in mind that filling a large window is also what makes a request expensive.

Throughput is close enough to ignore — 89/100 versus 78/100. Neither model will feel noticeably quicker in an interactive product, so latency is not a reason to choose between them.

One practical asymmetry: o3-mini offers a batch API at 50% off standard rates, and Grok 4.5 does not. For anything that does not need an answer immediately — nightly enrichment, backfills, evaluation runs — that discount can be worth more than the difference in list price, and it is easy to overlook when comparing headline rates.

o3-mini wins this comparison outright — cheaper and stronger. Choose Grok 4.5 only if it has a specific capability you need; on price and benchmarks it is behind on both.

What you actually pay

The list price is only the start. Prompt caching, batch processing and long prompts change the bill, and each provider sets them differently. Prices per 1M tokens.

Pricing terms beyond the list price, per 1M tokens
Pricing termGrok 4.5o3-mini
List price (input / output)$2.00 / $6.00$1.10 / $4.40
Cached input$0.3015% of the input price—
Batch APINot on the price page—
Long promptsFrom 200K tokens: $4.00 / $12.00—
Input with 80% cache hits$0.64—

The last row assumes 80% of input tokens are read from the cache, as in a chat app that re-sends a long system prompt or RAG over the same documents. Cache-write and storage charges are not included.

Checked on October 8, 2026 against the pricing pages of xAI, OpenAI.

Capability scores

iOPTERA editorial scores across 5 categories — informed by public benchmarks, not measured by us

CategoryGrok 4.5o3-miniWinner

Coding

89
88
A

Reasoning

90
93
B

Extraction

88
85
A

Creative

89
80
A

Vision

86
0
A
Grok 4.5: 4 wins
o3-mini: 1 wins
Grok 4.5 leads overall

Speed Score

89/100vs78/100
Groko3-mini

Context Window

500Kvs200K
Groko3-mini

What Is a Token?

Models don't read words — they process tokens.

A token is roughly 4 characters of English text (~¾ of a word). Your API bill is priced per million tokens — understanding this directly reduces your costs.

Short phrase

"Hello, world!"

4 tokens
Grok 4.5
$0.80
o3-mini
$0.44

Business email

One typical email (~200 words)

~270 tokens
Grok 4.5
$54.00
o3-mini
$29.70

Code file

50-line Python script

~400 tokens
Grok 4.5
$80.00
o3-mini
$44.00

Prices shown are for 100,000 runs of each workload — one run costs a fraction of a cent on both Grok 4.5 and o3-mini, so the number only becomes meaningful at production volume. Input tokens only; add your output volume in the calculator below.

How to check your token usage

response.usage.total_tokens

Every API response includes a usage object. Sum total_tokens across all calls to get your monthly figure, then use the calculator below.

Your Cost Calculator

Enter your actual monthly token usage to see real savings

Quick Presets

30M tokens
Prompt 70%Completion 30%

Grok 4.5

$96.00/mo

$1,152.00/yr

$2.00/M input$6.00/M output
Cheaper

o3-mini

$62.70/mo

$752.40/yr

$1.10/M input$4.40/M output

Annual Savings

$399.60 saved per year

o3-mini cheaper · $33.30/mo

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