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Hardwood floors have two main costs. The cost of the flooring, which ranges from about $4.50 per square foot and up. The cost of labor which typically runs between $3.00 to $5 â¦ .00 per square foot. There will be added costs if the contractor has to tear up an old floor.  So measure the room dimensions.ay $5.00 per sqft for flooring and $4.00 per sqft for labor = $9.00 per sqft total. Then this job should cost about $9 x 300 = $2700.   The numbers above are for standard 3/4 thick hardwood flooring that requires nailing.
Letâs figure materials first. $7 per square foot for the hardwood multiplied by 250 square feet, which equals $1,750. Add in 10% and the total for flooring materials comes to $1925. For labor, $3 times 250 square feet equals $750. No need to add 10% here. Add in the removal and haul away for the carpeting and the total labor cost is $900. The total flooring installation price will be the sum of $1,750 for the materials plus $900 for the labor therefore the estimated cost is $2,650 (plus applicable taxes).