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Model comparison · Updated 10 Oct 2026

Llama 3.2 3B Instruct vs Mistral Nemo

Mistral Nemo is about 1.7× cheaper on input ($0.03 against $0.05 per 1M tokens) and on output. Both have a 131K-token context window. For a support chatbot at 10,000 chats a day, the standard-tier bill is about $52.20 a month for Llama 3.2 3B Instruct and $15.75 for Mistral Nemo.

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Cite this page

ModelsAtlas. “Llama 3.2 3B Instruct vs Mistral Nemo”. Retrieved 10 Oct 2026. https://modelsatlas.com/compare/meta/llama-3-2-3b-instruct/vs/mistralai/mistral-nemo

Model A

Llama 3.2 3B Instruct

by Meta · weights not marked open · GRIDB3

Input / 1M
$0.05
observed We measured
Source
Our catalogue
Retrieved
17 Aug 2026
Output / 1M$0.33
Context131K
vs

Model B

Mistral Nemo

by Mistral AI · weights not marked open · GRIDB3

Input / 1M
$0.03
observed We measured
Source
Our catalogue
Retrieved
10 Oct 2026
Output / 1M$0.03
Context131K

Key numbers

Standard tier · highlighted = better

Llama 3.2 3B Instruct
Mistral Nemo
Input / 1M tokens
$0.05
$0.03
Output / 1M tokens
$0.33
$0.03
Batch input / output
Not listed
Not listed
Context window
131,072
131,072
Input types
Not disclosed
Not disclosed
Weights
Not marked open
Not marked open
Tiers listed
standard
standard
Prices checked
2026-08-17
2026-10-10

What it costs for real workloads

Monthly, standard tier, 30 days

Support chatbot10k chats/day · 1.5k in, 300 out
$52.20/mo
$15.75/mo
RAG over documents2k queries/day · 12k in, 500 out
$45.90/mo
$21.78/mo
Coding agent300 tasks/day · 60k in, 8k out
$50.76/mo
$17.82/mo

Llama 3.2 3B Instruct   Mistral Nemo · Derived from the standard-tier prices above, input and output tokens per request as stated, 30 days. Excludes caching discounts and batch. Try your own numbers.

On the atlas

Price band (A–H) × context band (1–6)

Same square. Llama 3.2 3B Instruct and Mistral Nemo share B3.

Same square as Llama 3.2 3B Instruct: gpt-oss-20b ($0.02), gpt-oss-120b ($0.03), Gemma 3 12B ($0.05). Open B3

AFreeB<$0.10C$0.10–0.30D$0.30–1E$1–3F$3–10G$10–30H$30+1<32K232–128K3128–256K4256K–1M51M6>1MINPUT PRICE PER 1M TOKENS →CONTEXT WINDOW ↑ · position within a square follows the real valueGemma 3 12B · B3Gemma 3 4B · B3Llama 3.1 8B Instruct · B3gpt-oss-safeguard-20b · B3Gemma 3 27B · B3Qwen3 32B · B3gpt-oss-120b · B3gpt-oss-20b · B3Llama 3.2 3B InstructLlama 3.2 3B InstructMistral NemoMistral Nemo
Llama 3.2 3B InstructMistral NemoNearest neighboursOpen weights
View the map as a table (1 squares)
SquarePrice bandContext bandModels
GRIDB3<$0.10128–256KLlama 3.2 3B Instruct, Mistral Nemo, Gemma 3 12B, Gemma 3 4B, Llama 3.1 8B Instruct, gpt-oss-safeguard-20b, Gemma 3 27B, Qwen3 32B, gpt-oss-120b, gpt-oss-20b

Capabilities side by side

Only what our records list

Llama 3.2 3B Instruct
Mistral Nemo
Vision input
Not disclosed
Not disclosed
Audio input
Not disclosed
Not disclosed
Open weights
Not marked open
Not marked open
Batch tier
Not listed
Not listed
Free tier
Not listed
Not listed
Thinking tier
Not listed
Not listed

Neither record lists input types, so we do not claim any.

Which should you choose?

Editorial

Choose Llama 3.2 3B Instruct if…

Nothing in the recorded numbers favours Llama 3.2 3B Instruct over Mistral Nemo. Pick it for what our records do not cover — your own tests, or an account you already have with Meta.

Choose Mistral Nemo if…

  • you pay by the token: it costs $0.03 per 1M input against $0.05
  • output dominates your bill: $0.03 per 1M output against $0.33

Each reason is a fact from the tables above. Picking between them is our judgement, and we do not benchmark quality: price and context are what we can measure, so test both on your own prompts before you commit.

Questions

Is Llama 3.2 3B Instruct better than Mistral Nemo?
We do not benchmark quality, so we cannot say. On the recorded numbers: Mistral Nemo is about 1.7× cheaper on input ($0.03 against $0.05 per 1M tokens) and on output. Both have a 131K-token context window. For a support chatbot at 10,000 chats a day, the standard-tier bill is about $52.20 a month for Llama 3.2 3B Instruct and $15.75 for Mistral Nemo. Which is better for you depends on your task; test both on your own prompts.
Which is cheaper, Llama 3.2 3B Instruct or Mistral Nemo?
Mistral Nemo: $0.03 against $0.05 per 1M input tokens, and $0.03 against $0.33 per 1M output, on standard pricing.
How much does each cost per 1M tokens?
Llama 3.2 3B Instruct: $0.05 input and $0.33 output. Mistral Nemo: $0.03 input and $0.03 output. Standard tier, USD.
Which has the larger context window?
Neither: both have 131,072 tokens.
Do both offer batch pricing?
Neither lists a batch tier in our catalogue.
Can both read images or audio?
Input types recorded for Llama 3.2 3B Instruct: none recorded. For Mistral Nemo: none recorded. Where a record lists none we say so rather than guess; check each vendor's documentation before relying on a capability.
Is either model open-weight?
Llama 3.2 3B Instruct: not marked open-weight in our records. Mistral Nemo: not marked open-weight in our records.
What would each cost for a support chatbot?
At 10,000 chats a day, 1,500 input and 300 output tokens each, 30 days, standard tier: about $52.20 a month for Llama 3.2 3B Instruct and $15.75 for Mistral Nemo. This is our calculation from the listed prices, not a quote.

About the two models

Llama 3.2 3B Instruct

By Meta. $0.05 input and $0.33 output per 1M tokens, 131K context, atlas square B3. Tiers listed: standard.

Full specs & pricing →

Mistral Nemo

By Mistral AI. $0.03 input and $0.03 output per 1M tokens, 131K context, atlas square B3. Tiers listed: standard.

Full specs & pricing →

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