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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.
An asphalt topcoat runs about $2 per square foot; a new asphalt driveway (including a base layer of gravel and several coats of asphalt) costs $3 to $6.50 per square foot. A new poured concrete path or driveway costs around $3 to $4 per square foot.