The average material cost for quality luxury vinyl plank (LVP) flooring typically ranges between $2.00 and $7.00 per square foot, depending on the thickness, wear layer durability, and brand reputation. When factoring in professional installation labor, underlayment materials, and surface preparation, total project costs generally range from $4.00 to $12.00 per square foot. Budget-friendly peel-and-stick options sit at the lower end, while rigid-core WPC or SPC products with thick wear layers command higher price points.