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No, it isn’t less expensive to install carpet compared to vinyl floors. The cost of installing carpet can range between $3 and $11 per square foot, so it falls just over the cost of installing vinyl flooring, at an average of $3 to $7 per square foot. High-quality carpeting can also range much higher, even up to $20 per square foot.

While it's possible to cover asbestos tile with carpet, it's not recommended. Encapsulating tile beneath carpet doesn't eliminate the health risks. Over time, the asbestos tiles could degrade, releasing fibers into the air and potentially contaminating the carpet. Disturbance during carpet installation or removal might also release fibers.

The best underlayment for carpet on concrete is a sponge rubber underlayment. This type of carpet padding is durable enough to endure wear and tear on hard concrete yet soft enough to provide comfort underfoot. It also creates insulation from sound and temperature, providing warmth despite the concrete’s cold surface.

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.