For more exact numbers, the cost of hardwood floors typically runs between $12 and $20 per square foot, while carpet is $7 to $12 per square foot. It may not seem like a big difference, but that means that for a 140 square foot room, it would cost between $1,680 and $2,800 for hardwood and $980 and $1,680 for carpet.

The price of materials, installation, and underlayment required for floating floors can add up. Carpet, however, tends to be more budget-friendly in terms of both materials and installation. Long-Term Maintenance: While the initial cost is important, it's crucial to consider the long-term maintenance expenses.

If the carpet is not thick and has a low carpet pile, then you should be able to install the hardwood flooring directly on top of the carpet. Low pile carpet is thinner, with very little padding. You'll often find low pile carpet in commercial settings.

They're softer underfoot, especially valuable in homes with small children or the elderly. On the other hand, laminate is known for its durability and is often cheaper than carpet.