Typically, the cost range of investing in Formica countertops is as follows: On the low end, the price is about $16.13 per square foot. On average, the price is about $21.75 per square foot. On the high end, the price is about $27.16 per square foot. These costs are low in comparison with other products, and this is a significant advantage with laminate countertops. However, there are several other considerations to keep in mind for this product.