Deepgram vs ElevenLabs
At typical volumes Deepgram costs less for 2 of 3 uses and ElevenLabs for 1. The gap changes with volume, so check your own numbers below.
What each one offers
| Feature | Deepgram | ElevenLabs |
|---|---|---|
| Speaker labels | Yes | Yes |
| Languages | 45 | 90 |
| Self-hosting | Yes | No |
| EU data residency | Yes | Yes |
| Realtime voice | Yes | Yes |
Try your own numbers
Same calculator as the home page, limited to these two providers.
Every month I transcribe of audio.
ElevenLabs is the cheapest, at $3.67 a month. Deepgram would cost 1.2 times as much.
Estimated monthly bill for 1,000 minutes, lowest first. 2 of 2 providers fit.
- 1ElevenLabsScribe v2 (and v2 Medical), $0.22/hr$3.67 per monthLowest priceVisit ElevenLabs
Usage $3.67 Monthly total $3.67 Works out to $0.00367 per minute.
Priced in the "Above 0" tier; every unit is billed at that tier's rate.
- 2DeepgramNova-3 (pre-recorded), $0.0043/min$4.30 per month+$0.63, 17.3% moreVisit Deepgram
Usage $4.30 Monthly total $4.30 Works out to $0.0043 per minute.
Priced in the "Above 0" tier; every unit is billed at that tier's rate.
- Prices updated 2026-10-23.
- Priced in the "Above 0" tier; every unit is billed at that tier's rate.
- Free-tier credits are not subtracted.
- How we calculate this
Some “Visit” links are affiliate links: the provider may pay us if you sign up. That never changes the order, which is set by price alone.
Frequently asked questions
- Which is cheaper for speech-to-text at 1,000 minutes, Deepgram or ElevenLabs?
- ElevenLabs is cheaper, at $3.67 a month against $4.30 for Deepgram (prices updated 2026-10-23).
- Which is cheaper for text-to-speech at 1,000,000 characters, Deepgram or ElevenLabs?
- Deepgram is cheaper, at $30.00 a month against $80.00 for ElevenLabs (prices updated 2026-10-23).
- Which is cheaper for voice agent at 1,000 minutes, Deepgram or ElevenLabs?
- Deepgram is cheaper, at $75.00 a month against $80.00 for ElevenLabs (prices updated 2026-10-23).
Some “Sign up” links are affiliate links and may earn a commission. Rankings are computed from price only and never take affiliate status into account.