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How do AWS Lambda and EC2 compare in terms of cost?

An example of an AI chatbot conversation about comparing AWS Lambda and EC2 costs.

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You

How do AWS Lambda and EC2 compare in terms of cost?

MagicBuddy
MagicBuddy

AWS Lambda typically charges based on the number of requests and the duration of execution, while EC2 charges are based on the instance type and usage time.

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You

Can you give me a specific example of cost for a small application?

MagicBuddy
MagicBuddy

Sure! For a small application running 1 million requests on Lambda, it might cost around $20, while a t2.micro EC2 instance running continuously could cost about $8.50 per month.

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You

What factors should I consider when choosing between them?

MagicBuddy
MagicBuddy

Consider factors like workload type, scalability needs, and whether you prefer a serverless architecture or managing your own servers.

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You

Are there any hidden costs I should be aware of?

MagicBuddy
MagicBuddy

Yes, with EC2, you might encounter costs for data transfer, storage, and additional services like load balancers. Lambda has limits on execution time and memory, which can also affect costs.

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