diff --git a/litellm/cost_calculator.py b/litellm/cost_calculator.py
index 29ccfa5ba32..371e53283de 100644
--- a/litellm/cost_calculator.py
+++ b/litellm/cost_calculator.py
@@ -1555,7 +1555,7 @@ def default_image_cost_calculator(
 
     # gpt-image-1 models use low, medium, high quality. If user did not specify quality, use medium fot gpt-image-1 model family
     model_name_with_v2_quality = (
-        f"{ImageGenerationRequestQuality.MEDIUM.value}/{base_model_name}"
+        f"{ImageGenerationRequestQuality.HIGH.value}/{base_model_name}"
     )
 
     verbose_logger.debug(
@@ -1587,7 +1587,16 @@ def default_image_cost_calculator(
             f"Model not found in cost map. Tried checking {models_to_check}"
         )
 
-    return cost_info["input_cost_per_pixel"] * height * width * n
+    # Priority 1: Use per-image pricing if available (for gpt-image-1 and similar models)
+    if "input_cost_per_image" in cost_info and cost_info["input_cost_per_image"] is not None:
+        return cost_info["input_cost_per_image"] * n
+    # Priority 2: Fall back to per-pixel pricing for backward compatibility
+    elif "input_cost_per_pixel" in cost_info and cost_info["input_cost_per_pixel"] is not None:
+        return cost_info["input_cost_per_pixel"] * height * width * n
+    else:
+        raise Exception(
+            f"No pricing information found for model {model}. Tried checking {models_to_check}"
+        )
 
 
 def default_video_cost_calculator(
diff --git a/litellm/model_prices_and_context_window_backup.json b/litellm/model_prices_and_context_window_backup.json
index d56b0d67fbe..791a98915b8 100644
--- a/litellm/model_prices_and_context_window_backup.json
+++ b/litellm/model_prices_and_context_window_backup.json
@@ -17103,10 +17103,14 @@
         "supports_vision": true
     },
     "gpt-image-1": {
+        "input_cost_per_image": 0.042,
         "input_cost_per_pixel": 4.0054321e-08,
+        "input_cost_per_token": 0.000005,
+        "input_cost_per_image_token": 0.00001,
         "litellm_provider": "openai",
         "mode": "image_generation",
         "output_cost_per_pixel": 0.0,
+        "output_cost_per_token": 0.00004,
         "supported_endpoints": [
             "/v1/images/generations"
         ]
@@ -17925,6 +17929,7 @@
         "supports_tool_choice": true
     },
     "high/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.167,
         "input_cost_per_pixel": 1.59263611e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -17934,6 +17939,7 @@
         ]
     },
     "high/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.25,
         "input_cost_per_pixel": 1.58945719e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -17943,6 +17949,7 @@
         ]
     },
     "high/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.25,
         "input_cost_per_pixel": 1.58945719e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18604,6 +18611,7 @@
         "supports_tool_choice": true
     },
     "low/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.011,
         "input_cost_per_pixel": 1.0490417e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18613,6 +18621,7 @@
         ]
     },
     "low/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.016,
         "input_cost_per_pixel": 1.0172526e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18622,6 +18631,7 @@
         ]
     },
     "low/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.016,
         "input_cost_per_pixel": 1.0172526e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18687,6 +18697,7 @@
         "output_cost_per_image": 0.072
     },
     "medium/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.042,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18696,6 +18707,7 @@
         ]
     },
     "medium/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.063,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18705,6 +18717,7 @@
         ]
     },
     "medium/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.063,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
diff --git a/model_prices_and_context_window.json b/model_prices_and_context_window.json
index b49af2bb60e..d07a6eeb807 100644
--- a/model_prices_and_context_window.json
+++ b/model_prices_and_context_window.json
@@ -17103,10 +17103,14 @@
         "supports_vision": true
     },
     "gpt-image-1": {
+        "input_cost_per_image": 0.042,
         "input_cost_per_pixel": 4.0054321e-08,
+        "input_cost_per_token": 0.000005,
+        "input_cost_per_image_token": 0.00001,
         "litellm_provider": "openai",
         "mode": "image_generation",
         "output_cost_per_pixel": 0.0,
+        "output_cost_per_token": 0.00004,
         "supported_endpoints": [
             "/v1/images/generations"
         ]
@@ -17925,6 +17929,7 @@
         "supports_tool_choice": true
     },
     "high/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.167,
         "input_cost_per_pixel": 1.59263611e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -17934,6 +17939,7 @@
         ]
     },
     "high/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.25,
         "input_cost_per_pixel": 1.58945719e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -17943,6 +17949,7 @@
         ]
     },
     "high/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.25,
         "input_cost_per_pixel": 1.58945719e-07,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18604,6 +18611,7 @@
         "supports_tool_choice": true
     },
     "low/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.011,
         "input_cost_per_pixel": 1.0490417e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18613,6 +18621,7 @@
         ]
     },
     "low/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.016,
         "input_cost_per_pixel": 1.0172526e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18622,6 +18631,7 @@
         ]
     },
     "low/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.016,
         "input_cost_per_pixel": 1.0172526e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18687,6 +18697,7 @@
         "output_cost_per_image": 0.072
     },
     "medium/1024-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.042,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18696,6 +18707,7 @@
         ]
     },
     "medium/1024-x-1536/gpt-image-1": {
+        "input_cost_per_image": 0.063,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",
@@ -18705,6 +18717,7 @@
         ]
     },
     "medium/1536-x-1024/gpt-image-1": {
+        "input_cost_per_image": 0.063,
         "input_cost_per_pixel": 4.0054321e-08,
         "litellm_provider": "openai",
         "mode": "image_generation",