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light estimateLast updated 2026-08-20

ElevenLabs vs MiniMax

ElevenLabs Multilingual v2 / Eleven v3 vs MiniMax Speech 2.5 Turbo for text-to-speech. Price: $100 per 1M chars vs $78 per 1M chars — edge MiniMax Computed from public benchmarks with dated sources; updated 2026-08-20.

Head to head
ElevenLabs Multilingual v2 / Eleven v3 compared with MiniMax Speech 2.5 Turbo per decision axis
AxisElevenLabs Multilingual v2 / Eleven v3MiniMax Speech 2.5 TurboEdge
Price$100 per 1M chars$78 per 1M charsMiniMax
ELO1179——
TTFA653 ms——
Langs29——
streaming✓✓—
cloning✓✓—
Strengths & caveats
ElevenLabsLargest production adoption and most mature voice-library/cloning ecosystem, with both instant and professional cloning; Eleven v3 is the strongest ElevenLabs model on the Artificial Analysis Speech Arena at 1179 ELO (rank 12 of 99). Most expensive per-character of the comparable group ($100/1M chars at $0.10/1K, charged for both Eleven v3 and Multilingual v2); the $0.05/1K Flash/Turbo and v3 Conversational tiers are cheaper but different models. Independent Coval TTFA is slow for the flagship tiers: 653ms P50 for Eleven v3 and 1262ms for Multilingual v2, against 212ms for the cheaper Flash v2.5 — the 264ms previously listed here was a Turbo v2.5 figure, not a flagship one. Language counts differ per model on the pricing page (29 for Multilingual v2, 32 for Flash/Turbo, 70+ for Eleven v3); the 29 shown is the Multilingual v2 figure. Multilingual v2 ranks only 33rd on the Arena (1104 ELO).MiniMaxStrong multilingual quality with accurate voice replication; the HD tier ranks in the upper part of the Artificial Analysis Speech Arena, and pricing is clean per-character. Per-character pricing differs sharply by tier: Turbo ~$78/1M vs HD ~$130/1M, and the ELO-ranked variant is the more expensive HD model — so the cheapest tier and the benchmarked tier are not the same. No independent TTFA; flagship-specific ELO and language count not confirmed (left null).
Sources