Is Pergo cheaper than hardwood?

Is Pergo cheaper than hardwood? Yes, Pergo is significantly cheaper than hardwood, with Pergo laminate costing 2 to 4 dollars per square foot for materials versus hardwood costing 5 to 12 dollars per square foot for materials, plus installation, making Pergo 50 to 70 percent cheaper than hardwood. Pergo laminate flooring, invented 1977, costs 2 to 4 dollars per square foot for materials, with installation 2 to 3 dollars per square foot, total installed 4 to 7 dollars, while solid hardwood costs 5 to 12 dollars materials plus 4 to 8 dollars installation, total 9 to 20 dollars installed, making hardwood much more expensive. Pergo offers wood look at lower cost, with waterproof options like Pergo Outlast cheaper than hardwood which can be damaged by water. So Pergo cheaper than hardwood, with advantage of being more scratch resistant, easier DIY installation with click lock, and waterproof in some lines, while hardwood is real wood lasting 50 plus years versus Pergo 15 to 25 years, but for budget Pergo cheaper, making it popular for rental properties and basements, with Home Depot and Lowes selling Pergo at 2.50 dollars on sale versus hardwood 8 dollars, so yes Pergo cheaper than hardwood significantly.