ElevenLabs vs Speechmatics: voice AI pricing compared
Updated 2026-11-10 · listed A to Z, not ranked
ElevenLabs sells AI voice products (text to speech, speech to text, dubbing, music, sound effects and voice agents) on monthly plans. Every plan gives you a pool of credits, and every product draws from the same pool at its own rate.
Speechmatics is a speech-to-text API for batch and real-time transcription. It bills per hour of audio, with different rates by model.
Listed A to Z, from elevenlabs.io and speechmatics.com. Every figure below is quoted from those pages.
- Main price table
- Text to speech, Text to speech, Speech to text, Speech to text, Speech to text add-ons, Realtime voice models, Speech Engine, Music, Voice isolator, voice changer, sound effects, Dubbing
- Free option
- None in the published plan table
- Published prices
- ElevenLabs API pricing per minute and per 1k characters (TTS $0.04–$0.08, speech to text $0.22/hour, realtime voice $0.08/min), plus Starter $6 to Business $990 plans.
- Main price table
- Melia 1 (multilingual), Oak 1 (medical), Linden 1 (real-time voice agents), Standard, Enhanced
- Free option
- None in the published plan table
- Published prices
- From $0.12 per hour, $100 free credit to start, volume discounts up to 25%. Per-model hourly rates.
How we checked: Prices quoted from each official pricing page: ElevenLabs checked Nov 10, 2026, Speechmatics checked Nov 10, 2026. Taxes, usage overages and promotions can change what you pay; confirm with each provider before you buy.
How they compare
- Main price table. ElevenLabs lists 10 entries (Text to speech, Text to speech, Speech to text, Speech to text, Speech to text add-ons, Realtime voice models, Speech Engine, Music, Voice isolator, voice changer, sound effects, Dubbing); Speechmatics lists 5 (Melia 1 (multilingual), Oak 1 (medical), Linden 1 (real-time voice agents), Standard, Enhanced).
- Free option. ElevenLabs: none in the published plan table. Speechmatics: none in the published plan table.
- How prices are quoted. ElevenLabs: “API pricing: per minute and usage-based billing (USD)”. Speechmatics: “Rates by model”.
ElevenLabs plans and prices
| Product | Model / mode | Price on elevenlabs.io/pricing/api |
|---|---|---|
| Text to speech | v4, v3, v2 Multilingual | $0.08 per 1,000 characters (about $0.08 per minute of audio) |
| Text to speech | v4 Turbo, v3 Conversational, Flash / Turbo | $0.04 per 1,000 characters (about $0.04 per minute) |
| Speech to text | Scribe v2, Scribe v2 Medical | $0.22 per hour |
| Speech to text | Scribe v2 Realtime | $0.39 per hour |
| Speech to text add-ons | Keyterm prompting / transcript editing | $0.05 / $0.07 per hour (realtime $0.08 / $0.12) |
| Realtime voice models | v1 Mini, v1 Max | $0.08 per minute of connected audio, plus LLM tokens (Mini $0.20 in / $6.00 out, Max $1.80 / $9.00 per 1M) |
| Speech Engine | Standard / burst | $0.08 / $0.16 per minute |
| Music | Eleven Music | $0.15 per minute |
| Voice isolator, voice changer, sound effects | - | $0.12 per minute |
| Dubbing | v1 with / without watermark; v2 | $0.33 / $0.50 per minute; $2.20 per minute |
API usage is billed in US dollars, not plan credits. Prices exclude taxes. Checked Nov 6, 2026.
| Plan | Price per month | Credits per month | Annual billing, per month |
|---|---|---|---|
| Starter | $6 | 30,000 | $5 |
| Creator | $22 ($11 for the first month) | 121,000 | $18.33 |
| Pro | $99 | 600,000 | $82.50 |
| Scale | $299 (3 seats) | 1,800,000 | $249.17 |
| Business | $990 (10 seats) | 6,000,000 | $825 |
| Enterprise | Custom | Custom | Custom |
Annual billing is the monthly price × 10. The pricing page also showed a limited-time first-month offer on Starter when we checked.
From elevenlabs.io, checked Nov 10, 2026. Full breakdown: ElevenLabs pricing.
Speechmatics plans and prices
| Model | Price |
|---|---|
| Melia 1 (multilingual) | $0.12 / hour |
| Oak 1 (medical) | $0.15 / hour |
| Linden 1 (real-time voice agents) | $0.15 / hour |
| Standard | $0.23 / hour |
| Enhanced | $0.38 / hour |
New accounts start with $100 in free credits. Speechmatics lists volume discounts of up to 25%, and 33% off when you allow your data to be used for model training.
From speechmatics.com, checked Nov 10, 2026. Full breakdown: Speechmatics pricing.
FAQ
How much does ElevenLabs cost?
ElevenLabs API pricing per minute and per 1k characters (TTS $0.04–$0.08, speech to text $0.22/hour, realtime voice $0.08/min), plus Starter $6 to Business $990 plans. (checked Nov 10, 2026).
How much does Speechmatics cost?
From $0.12 per hour, $100 free credit to start, volume discounts up to 25%. Per-model hourly rates. (checked Nov 10, 2026).
Do ElevenLabs and Speechmatics have a free option?
ElevenLabs: none in the published plan table. Speechmatics: none in the published plan table.
Which is better, ElevenLabs or Speechmatics?
We do not pick a winner. The two price and package their products differently; the tables above quote each official pricing page so you can match a plan to your own usage.
Where do these prices come from?
Each vendor's own pricing page: elevenlabs.io (checked Nov 10, 2026) and speechmatics.com (checked Nov 10, 2026). Prices change; confirm on the vendor's page before you buy.
Sources (official pages, read 2026-11-10)
- elevenlabs.io
- elevenlabs.io/pricing
- elevenlabs.io/pricing/api
- speechmatics.com
- speechmatics.com/pricing
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