---
title: "llama3.1-70b Cost Calculator - Snowflake"
description: "Calculate the cost of using llama3.1-70b from Snowflake. Input costs $0.72 and output $0.72 per 1M tokens."
url: "https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/llama3.1-70b"
markdown: "https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/llama3.1-70b.md"
---

# llama3.1-70b Cost Calculator - Snowflake

> Calculate the cost of using llama3.1-70b from Snowflake. Input costs $0.72 and output $0.72 per 1M tokens.

## Important Links

- [View MCP Gateway](https://www.getmaxim.ai/bifrost/resources/mcp-gateway.md)
- [Features](https://www.getmaxim.ai/bifrost/#features)
- [Enterprise](https://www.getmaxim.ai/enterprise)
- [Pricing](https://www.getmaxim.ai/pricing)
- [Docs](https://docs.getbifrost.ai)
- [GitHub](https://github.com/maximhq/bifrost)
- [Book a Demo](https://www.getmaxim.ai/book-a-demo)

## About llama3.1-70b

llama3.1-70b is a chat model from Snowflake, one of 19 chat models they offer. It is priced at $0.72 per 1M input tokens and $0.72 per 1M output tokens, ranking 1647 out of 2911 chat models by cost and cheaper than 43% of models in this category. llama3.1-70b supports function calling. It accepts up to 128K input tokens.

## Pricing

Published Snowflake pricing for llama3.1-70b.

- **$0.72 / 1M tokens Input.**
- **$0.72 / 1M tokens Output.**

## Technical Specifications

- **Chat Mode.**
- **128,000 Max Input Tokens.**
- **16,384 Max Output Tokens.**
- **16,384 Max Tokens.**

## Model Capabilities

llama3.1-70b supports: Function Calling, System Messages.

## How Pricing Compares

At $0.72 per 1M input tokens and $0.72 per 1M output tokens, llama3.1-70b ranks 1647 out of 2911 chat models by input cost. It is more expensive compared to the median of $0.55 for chat models, and is cheaper than 43% of models in this category.

llama3.1-70b is one of 19 Snowflake chat models, with support for function calling.

| Model | Provider | Input $/1M | Output $/1M | vs llama3.1-70b |
| --- | --- | --- | --- | --- |
| us.writer.palmyra-x5-v1:0 | AWS Bedrock | $0.60 | $6.00 | -17% |
| writer.palmyra-x5-v1:0 | AWS Bedrock | $0.60 | $6.00 | -17% |
| amazon.nova-pro-v1:0 | AWS Bedrock | $0.80 | $3.20 | +11% |
| anthropic.claude-3-5-haiku-20241022-v1:0 | AWS Bedrock | $0.80 | $4.00 | +11% |
| Mixtral-8x22B-Instruct-v0.1 | Anyscale | $0.90 | $0.90 | +25% |

## More from Snowflake

- [llama3.3-70b ($0.72/1M input)](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/llama3.3-70b.md)
- [snowflake-llama-3.3-70b ($0.72/1M input)](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/snowflake-llama-3.3-70b.md)
- [claude-haiku-4-5 ($1.00/1M input)](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/claude-haiku-4-5.md)
- [openai-gpt-5-mini ($0.30/1M input)](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/openai-gpt-5-mini.md)

## Related Resources

- [All Snowflake pricing](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake.md)

## FAQ

### Is llama3.1-70b cheaper than us.writer.palmyra-x5-v1:0?

No. llama3.1-70b costs $0.72 per 1M input tokens while us.writer.palmyra-x5-v1:0 costs $0.60 per 1M input tokens, making us.writer.palmyra-x5-v1:0 17% more affordable for input. However, llama3.1-70b may offer different capabilities or performance characteristics that justify the price difference.

### How does llama3.1-70b pricing compare to the average chat model?

llama3.1-70b input pricing is $0.72 per 1M tokens, which is 31% above the median of $0.55 for chat models. It ranks 1647 out of 2911 chat models by input cost, making it cheaper than 43% of models in this category. For output, it costs $0.72 per 1M tokens compared to the median of $1.50.

### What makes llama3.1-70b different from other Snowflake models?

Among Snowflake's 19 chat models, llama3.1-70b ranks 5 by input cost.

### What are the best alternatives to llama3.1-70b?

The most comparable chat models to llama3.1-70b are: us.writer.palmyra-x5-v1:0 from AWS Bedrock ($0.60/1M input tokens); writer.palmyra-x5-v1:0 from AWS Bedrock ($0.60/1M input tokens); amazon.nova-pro-v1:0 from AWS Bedrock ($0.80/1M input tokens); anthropic.claude-3-5-haiku-20241022-v1:0 from AWS Bedrock ($0.80/1M input tokens). These alternatives were selected based on similar capabilities, pricing, and provider diversity. You can compare any of these models in detail using the Bifrost Model Library.

### How do I calculate llama3.1-70b costs?

llama3.1-70b is priced based on input and output tokens. Use the interactive calculator at the top of this page to estimate costs for your specific workload. Enter your expected input and output tokens volume and the calculator will show the total cost breakdown. For reference, processing 1M input tokens costs $0.72 and generating 1M output tokens costs $0.72.

## Related Resources

- [All Snowflake pricing](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake.md)
- [LLM cost calculator](https://www.getmaxim.ai/bifrost/llm-cost-calculator.md)
- [Model library](https://www.getmaxim.ai/bifrost/model-library.md)
- [Docs: Bifrost docs](https://docs.getbifrost.ai)
- [GitHub: maximhq/bifrost](https://github.com/maximhq/bifrost)
- [Pricing: Bifrost pricing](https://www.getmaxim.ai/pricing)
- [Enterprise: Bifrost enterprise](https://www.getmaxim.ai/enterprise)
- [Book a Demo: Bifrost demo](https://www.getmaxim.ai/book-a-demo)
- [Resources: Bifrost resources](https://www.getmaxim.ai/bifrost/resources.md)

---

*This is a markdown version of [https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/llama3.1-70b](https://www.getmaxim.ai/bifrost/llm-cost-calculator/provider/snowflake/model/llama3.1-70b) for AI/LLM consumption.*