My first was fully 3D-printed in PLA. It's a great way to get started: it's relatively cheap, sturdy with the right settings, and you'll learn very quickly how to do the bodywork necessary to finish the suit. It's a completely viable route, but you will need to think a lot about wearability. A few of my pieces on the first suit clashed and gave me very little mobility, until I cast and molded those in Rubber (also a viable route, along with silicone for undersuits, but way too expensive for the whole thing, do not recommend - I did it for the experience)
That said, my next suit will not be PLA. I've been saying I'd do a foam one next, but with the amount of projects I have coming up, I don't believe I'll have the time to devote. It will still be printed, but I'll be using Foaming TPU. It's expensive, and I do not recommend it as a first one. Foam will take more time, but will be light and wearable, as Jocko said. For hard parts, ABS might be fickle, but if you have an enclosed printer and access to an oven or another way to dry it, it sands like a dream, and your finishes will be EASY. (Thanks again, Jocko)
In all:
Foam for versatility, wearability, and cheap cost, at the expense of process time and the skill learning curve.
PLA prints for cheap cost, relative ease of process, and achievable detail, at the potential cost of wearability and comparative sturdiness.
ABS prints for extreme ease of process, the achievable detail, and durability, at the potential cost of wearability and the relative monetary cost.
TPU prints for the achievable detail, relative wearability, and durability, at the cost of potential processing issues and monetary cost.
A lot depends on your budget, time availability, and what you feel you're good at/have or want experience in!