Mistral Medium 3.5 pricing in 2026
What one task costs on Mistral Medium 3.5
Per-million-token prices are hard to feel, so here are typical token counts for common jobs priced with Mistral Medium 3.5. Figures are USD at the rates above and exclude prompt caching and batch discounts.
| Task | Tokens (in / out) | Cost |
|---|---|---|
| Code review of a 500-line pull request | 60,000 / 4,000 | $0.120 |
| Debug one failing test | 40,000 / 6,000 | $0.105 |
| Generate a landing page in one shot | 3,000 / 30,000 | $0.229 |
| Draft a 1,200-word article | 2,000 / 2,500 | $0.022 |
| Answer a question from a 20-page document | 25,000 / 800 | $0.044 |
| Multi-step agent run (10 tool calls) | 250,000 / 25,000 | $0.563 |
| All of the above, once | $1.08 |
Cheaper at the same or better capability: GLM-5.3 Flash runs the same set of tasks for $0.091 instead of $1.08.
Mistral Medium 3.5 by Mistral AI costs $1.50 per 1M input tokens and $7.50 per 1M output tokens — about 166.7k tokens per $1. Prices last verified 2026-09-19.
The verdict
Mistral's frontier tier at $1.50 / $7.50, but its index of 15 is low for the price — several rivals deliver far more intelligence per dollar. It's mainly relevant for teams committed to Mistral's open-weight stack.
A concrete example: sending 100,000 input tokens and getting back 20,000 output tokens with Mistral Medium 3.5 costs about $0.30 at current prices.
Who is Mistral Medium 3.5 for?
Mistral Medium 3.5 is Mistral's frontier tier at $1.50 / $7.50 per 1M — but its index of 15 is low for that price, and several rivals deliver far more intelligence per dollar.
It's mainly relevant for teams already committed to Mistral's open-weight stack. If you're not, the same budget buys more capable models from DeepSeek, Z.ai or Google.
Strengths & weaknesses
- Strength: Mistral's open frontier tier
Mistral Medium 3.5 key facts
| Provider | Mistral pricing |
|---|---|
| Input price | $1.50 / 1M tokens |
| Output price | $7.50 / 1M tokens |
| Tokens / $1 | 166.7k |
| Intelligence / $1 | 25,000 |
| Context window | 262.1k tokens |
| Tier | frontier |
| Intelligence index | 15 / 100 |
| Released | 2026-04-29 |
| Last verified | 2026-09-19 |
What Mistral Medium 3.5 delivers for your budget
For a coding workload, here is roughly what each monthly budget buys:
| Budget | Tokens / month | Months of workload |
|---|---|---|
| $20 | 6.9M | 10.7x |
| $50 | 17.3M | 26.7x |
| $100 | 34.7M | 53.3x |
Other Mistral models
How Mistral Medium 3.5 compares to its closest rivals
Rather than repeating the full catalog on every page, here are the three current models nearest to Mistral Medium 3.5 on the intelligence index — and why you might still pick one instead:
- Claude Haiku 4.5 (Claude) — $1 input / $5 output per 1M tokens. Why you might pick it: Fast, cheap Claude for light tasks.
- Nemotron 3 Super (Nemotron) — $0.08 input / $0.45 output per 1M tokens. Why you might pick it: Near-free input pricing.
- Nemotron 3.5 Lightning (Nemotron) — $0.07 input / $0.20 output per 1M tokens.
Mistral Medium 3.5 — frequently asked questions
How much does Mistral Medium 3.5 cost?
Mistral Medium 3.5 by Mistral AI costs $1.50 per 1M input tokens and $7.50 per 1M output tokens.
How many tokens per dollar does Mistral Medium 3.5 give you?
On a typical 1:3 input-to-output mix, Mistral Medium 3.5 delivers around 166.7k tokens per dollar — an intelligence-per-dollar score of 25000.
What is Mistral Medium 3.5's context window?
Mistral Medium 3.5 supports a context window of 262.1k tokens.
Is Mistral Medium 3.5 worth it in 2026?
Mistral Medium 3.5 is Mistral's frontier tier model. Use the AI Intelligence Calculator to see how its value compares to every other model at your budget.