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There's a fairly long list of the pros and cons for both laminate and hardwood flooring. What you need to ask yourself is how much you want to spend, where you want to place your flooring and how much maintenance you are ready to put into your flooring.
The cost of laminate flooring is significantly lower than hardwood flooring. However, if you're a stickler for a real-wood floor, take a good look at your budget; you may find that engineered hardwood flooring (which used real wood throughout its layers) may still fit into your budget.
The most significant difference between hardwood and laminate wood flooring is the latter's resistance to moisture and wear. So, if you desire a wood-look in your bathroom, for example, laminate may be the perfect choice. Also extremely high traffic areas in your home could benefit from laminate flooring's extra durability.
Both laminate flooring and hardwood flooring need a certain amount of extra care. Neither should be cleaned with abrasive cleaners, wax or soap detergents. Laminate flooring does not need sanding or resurfacing, but unlike hardwood, damaged sections are not as easy to repair.