Model comparison
GPT-5 vs GPT-4o
Verified pricing, context windows and real-workload costs for both models — computed from official provider rates as of 2026-08-25.
Cheaper input
GPT-5
$1.25 /1M in
Cheaper output
GPT-5
$10.00 /1M out
Bigger context
GPT-5
400K tokens
Head to head
| Spec | GPT-5 | GPT-4o |
|---|---|---|
| Input / 1M tokens | $1.25 | $2.50 |
| Cached input / 1M | $0.13 | $0.63 |
| Output / 1M tokens | $10.00 | $10.00 |
| Context window | 400K | 128K |
| Provider | OpenAI | OpenAI |
| Price verified | 2026-08-25 | 2026-08-25 |
Monthly cost at three real workloads
| Workload | GPT-5 | GPT-4o | Winner |
|---|---|---|---|
| Side-project chatbot 30K req · 2,000 in / 500 out · 40% cached | $198.00/mo | $255.00/mo | GPT-5 |
| Coding agent 500K req · 12,000 in / 1,500 out · 70% cached | $10,275/mo | $14,625/mo | GPT-5 |
| Bulk extraction 2,000K req · 800 in / 120 out · 20% cached | $4,040/mo | $5,800/mo | GPT-5 |
Computed from list prices verified 2026-08-25. Cache savings blend normal and cached input rates by the hit rate; models without published cached rates use the base input price. Adjust every parameter yourself on the API Cost Calculator.
Pick GPT-5 if…
- Input cost dominates your bill — it charges $1.25 per 1M input vs $2.50.
- You need the larger 400K context window.
- You run repeat-context workloads — cached input at $0.13 per 1M is the better deal.
Pick GPT-4o if…
- Output-heavy agent loops favor its $10.00 output rate.
- Its 128K window covers your typical request with headroom.
- You want cheaper total spend at your exact volumes — verify with the calculator above.
Frequently asked questions
Is GPT-5 cheaper than GPT-4o?
GPT-5 is cheaper on input at $1.25 per 1M tokens vs $2.50 — input pricing is 2.0× less expensive. On output, GPT-5 wins at $10.00 vs $10.00. At a balanced workload (100K requests, 2K in / 500 out), GPT-5 runs $750.00/mo vs $1,000/mo — a 1.3× difference.
GPT-5 vs GPT-4o: which has the bigger context window?
GPT-5, with 400K tokens vs 128K — 3.1× more room. Filling GPT-5's window once costs $0.500 at list price, vs $0.320 for the smaller window.
Should I switch from GPT-5 to GPT-4o?
Switch if your bottleneck matches GPT-4o's strengths: its 128K context fits your documents and its pricing profile. Stay on GPT-5 if input cost dominates your bill — GPT-5 charges $1.25 per 1M in. Test both with your real token counts before committing.
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Or measure your real usage with the AI Token Counter and browse all rates on the Pricing Comparison.