Most people choose laminate engineered wood flooring because it is less expensive than hardwood flooring but have the same effect. Pergo is one of the first laminates available on the market and have high quality. Pergo ranges from $2.35 to $2.60 /Sq.Ft. with many color and grain choices. Installation varies from area to area depending on type of flooring and application. Some benefits to laminate are durability in high traffic areas which makes it more cost effective.