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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.
1 An asphalt driveway typically costs about $2 -$5 a square foot, $1,200 - $3,000 for a 12'x50' single-car driveway; or $25,000 -$50,000 for up to a quarter mile. Do-it-yourself supplies can cost $50 -$200 depending on the size and condition of the driveway, and the quality of the sealer. 2  Professional driveway sealing can cost $200 -$500 or more.