Luxury vinyl flooring LVP varies in price, typically ranging from $2.50 to $12 per square foot. The average installation cost for a 200-square-foot room is around $2,800. Lower-priced options often lack adequate backing and are more prone to scratches, meaning they may not last more than ten years. Midrange luxury vinyl flooring lasts longer and offers more style options, making it suitable for lower-traffic areas like formal dining rooms. Flooring in the $3 to $6 range often includes floating floors, which can reduce installation costs. Higher-end luxury vinyl flooring, priced above $6, offers a wider selection of designs and often includes a lifetime warranty, making it a smarter long-term investment.