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The average price to haul away an old asphalt driveway and replace it with a new one is around $5,000, based on several factors. âTypical life expectancy of an asphalt driveway is 15 years,â says Ron Reibling, owner of Aurora Asphalt & Sealcoating in Champlin, Minnesota.
First, if you donât already know the square footage of your driveway, measure it to find out. Most contractors are going to figure the job by the driveway size. Now that you have the square footage, here are some figures. In the east, the average cost for driveway sealing is typically between $.10-$.16 per square foot. So for a 1000 sq. ft. driveway it will cost between $100-$160.