MiniMax Speech-02 is cheaper: $0.06 vs $0.167 per 1,000 characters on each model's cheapest path — 2.8× less. For 10,000 characters (~12 min of audio): $0.600 vs $1.67. Stamped 2026-08-28. ElevenLabs Multilingual v2's premium may buy quality — this index measures cost only.
MiniMax Speech-02 vs ElevenLabs Multilingual v2: price
ElevenLabs Multilingual v2
$0.167 per 1,000 characters
Cheapest: $0.167 via ElevenLabs (Starter tier (cheapest incl.)) (derived)
How much does MiniMax Speech-02 cost?
| Provider | Price /1k chars | Provider's own unit | Status | Source |
|---|---|---|---|---|
| fal.ai · HD | $0.10$0.085/min of audio | $0.0001 per characterUSD per character | Derived2026-08-28 | source |
| fal.ai · Turbocheapest | $0.06$0.051/min of audio | ≈$0.06 per 1,000 charactersUSD per character | Derived2026-08-28 | source |
| MiniMax | console ratesUSD per character | Hidden | source |
How these numbers were computed
- fal.ai (HD): $0.0001/char (fal.ai listed rate on the Speech 2.8 HD endpoint, captured in FairStack operational cost audit, 2026-03-23 (price-audit-full.json)) × 1,000 = $0.10/1k chars.
- fal.ai (Turbo): Operator's measured billing on the Turbo endpoint (FairStack operational cost audit, 2026-03-23 (price-audit-full.json)) ≈ $0.06 per 1k-char request.
How much does ElevenLabs Multilingual v2 cost?
| Provider | Price /1k chars | Provider's own unit | Status | Source |
|---|---|---|---|---|
| ElevenLabs · Starter tier (cheapest incl.)cheapest | $0.167$0.142/min of audio | 1 credit per charactercredits | Derived2026-08-28 | source |
How these numbers were computed
- ElevenLabs (Starter tier (cheapest incl.)): Cheapest tier including the model: Starter $5/mo ÷ 30,000 credits × 1 credit/char × 1,000 = $0.167/1k chars. Full tier table below.
Frequently asked
Is MiniMax Speech-02 cheaper than ElevenLabs Multilingual v2?
MiniMax Speech-02 is cheaper: $0.06 vs $0.167 per 1,000 characters on each model's cheapest path — 2.8× less. For 10,000 characters (~12 min of audio): $0.600 vs $1.67. Stamped 2026-08-28. ElevenLabs Multilingual v2's premium may buy quality — this index measures cost only.
What does 10,000 characters (~12 min of audio) cost on each?
MiniMax Speech-02: $0.600 (cheapest path). ElevenLabs Multilingual v2: $1.67. Both computed from the normalized canonical rate; real invoices vary with resolution, minimum charges, and tiers.
Which is better quality?
This index measures cost, not quality. For quality benchmarks, see Artificial Analysis — a voice model that costs more is not automatically better, and vice versa.
Prices normalized to per 1,000 characters; per-clip, credit, and tier billing converted per themethodology. Quality comparison is out of scope — seeArtificial Analysis.