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The cost to install carpet is $1,780 on average for 330 square feet, the size of an average living room. This cost could range from $200 to $5,000, depending on the amount of carpet, material, and type of carpet. 

If you need 500 square feet of carpet, it’ll cost $1,500 to $5,500, while 1,000 square feet of carpet costs $3,000 to $11,000. Polyester is one of the more affordable options, ranging from $1 to $3 per square foot. Wool is a more luxurious option, ranging from $4 to $20 per square foot. 

The average cost to install new flooring is around $3,162, with a typical price range between $1,530 and $4,860. On a per-square-foot basis, you can expect to pay an average of $3 to $22, including installation. Several factors influence the total price, including the flooring material, project size, geographic location, and any special features. Material choice is a significant cost driver; vinyl plank, linoleum, and carpet are on the lower end ($3 to $7 per square foot), while stone, tile, and hardwood are more expensive, with hardwood reaching up to $22 per square foot. Prices can also vary by region, and installing flooring on stairs will add to the cost, typically ranging from $11 to $160 per step.

The life span of carpet in a home with children and animals depends on factors like the carpet material’s quality, how frequently you clean and maintain it, and the level of foot traffic. On average, carpets need to be replaced every five to 15 years. Signs of wear, matting, or persistent odors may indicate that it's time to contact a local flooring company to replace your carpet.

Carpeting has a few benefits on stairs in addition to being a cost-effective floor covering. It absorbs sound, dampening footsteps. It also provides additional traction, which is especially important if you install linoleum floors, epoxy flooring, or any other floor covering that can become slippery if you’re wearing socks. Therefore, carpets can help prevent slips.