Last verified 2025-09-22 (left) · 2026-03-06 (right)
GPT-5 Chat vs GPT-5.4 — Pricing & Capability Comparison
GPT-5 Chat charges $1.25 per million input tokens and $10.00 per million output tokens. GPT-5.4 comes in at $2.50 / $15.00. Context windows span 200K vs 1.1M tokens respectively.
TL;DR — Quick Comparison
- ✓GPT-5 Chat is cheaper overall: $11.25 per 1M tokens (in+out) vs $17.50 for GPT-5.4 — saves $6.25 per 1M tokens
- ✓Input pricing: GPT-5 Chat $1.25/1M vs GPT-5.4 $2.50/1M
- ✓Output pricing: GPT-5 Chat $10.00/1M vs GPT-5.4 $15.00/1M
- ✓Context window: GPT-5.4 offers more (1.1M vs 200K)
- ✓Use our calculator below to estimate costs for your specific usage pattern
Input price (per 1M)
GPT-5 Chat
$1.25
GPT-5.4
$2.50
GPT-5 Chat leads here
Output price (per 1M)
GPT-5 Chat
$10.00
GPT-5.4
$15.00
GPT-5 Chat leads here
Context window
GPT-5 Chat
200,000 tokens
GPT-5.4
1,050,000 tokens
GPT-5.4 leads here
Cached input
GPT-5 Chat
$0.125
GPT-5.4
$0.250
GPT-5 Chat leads here
Cost comparison for 10K-token workloads
Side-by-side pricing for identical workloads (10,000 total tokens per request) across different distributions.
| Scenario | GPT-5 Chat | GPT-5.4 | GPT-5 Chat cached | GPT-5.4 cached |
|---|---|---|---|---|
Balanced conversation 50% input · 50% output | $0.0563 | $0.0875 | $0.0506 | $0.0762 |
Input-heavy workflow 80% input · 20% output | $0.0300 | $0.0500 | $0.0210 | $0.0320 |
Generation heavy 30% input · 70% output | $0.0738 | $0.112 | $0.0704 | $0.106 |
Cached system prompt 90% cached input · 10% fresh output | $0.0212 | $0.0375 | $0.0111 | $0.0172 |
Frequently asked questions
Which is cheaper: GPT-5 Chat or GPT-5.4?
GPT-5 Chat is cheaper for input tokens at $1.25 per 1M tokens compared to $2.50. For output, GPT-5 Chat costs $10.00 per 1M tokens versus $15.00 for GPT-5.4.
What is the cost per 1M tokens for GPT-5 Chat?
GPT-5 Chat pricing: $1.25 per 1M input tokens and $10.00 per 1M output tokens. Context window: 200,000 tokens.
What is the cost per 1M tokens for GPT-5.4?
GPT-5.4 pricing: $2.50 per 1M input tokens and $15.00 per 1M output tokens. Context window: 1,050,000 tokens.
How much does it cost per 1K tokens?
Per 1K tokens: GPT-5 Chat costs $0.0013 input / $0.0100 output. GPT-5.4 costs $0.0025 input / $0.0150 output. This is useful for calculating small-scale usage costs.
Which model supports a larger context window?
GPT-5.4 offers 1,050,000 tokens (1.1M) versus 200K for GPT-5 Chat.
What is the estimated monthly cost for typical usage?
For a typical workload of 10M input + 2M output tokens per month: GPT-5 Chat would cost approximately $32.50, while GPT-5.4 would cost $55.00. GPT-5 Chat is more economical for this usage pattern.
Do these models support prompt caching?
GPT-5 Chat supports prompt caching at $0.125 per 1M cached tokens, reducing costs for repeated context by up to 90%. GPT-5.4 supports caching at $0.250 per 1M tokens, saving up to 90%.
Which model is best for my use case?
Choose GPT-5 Chat for cost-sensitive applications with high input volume. Choose GPT-5.4 if you need 1.1M context for long documents or conversations. Consider prompt caching if you have repeated context. Use our token calculator to model your specific usage pattern.