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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. 

Installing carpet padding is mostly a matter of measuring the room and cutting the carpet pad to size with a utility knife. You can save some money on carpet installation costs by doing it yourself. Before installing the carpet padding, you should install the tack strips around the room’s perimeter and prepare the subfloor by cleaning and making any necessary repairs. Then, unroll the carpet pad and cut sections as needed. Staple the carpet pad to the subfloor along the edges, leaving the tack strips exposed.

Carpet is an effective natural insulator, so it will make a room slightly warmer than laminate. The material’s insulating properties also make carpeted rooms more efficient for temperature regulation.

Decent carpet will last around 10 years on stairs. Some less durable carpets, like polyester, will only last five years on stairs. The ideal carpet, like wool or nylon, can last about 15 to 25 years. You’ll know when to replace it when it starts wearing down. You may have to replace it sooner if it's stained, whether due to water damage or pets.