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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.
How much does it cost to install asphalt vs. concrete driveway? A basic asphalt driveway costs about $2 to $5 per square foot, according to CostHelper.com. That amounts to $720 to $1,800 for a basic standard-size residential, two-car asphalt driveway measuring 18 feet wide and 20 feet long. A stamped asphalt pattern, such as in the shape of bricks or stones, costs $3 to $9 per square foot, or $1,080 to $3,240 for a standard-size driveway. By comparison, the cost for a plain concrete driveway runs $3 to $10 per square foot, according to Costhelper, or $1,080 to $3,600 for a standard-size, two-car driveway. Customized concrete driveways with decorative elements can run $15 to $25 per square foot, or $5,400 to $9,000 total for the driveway.