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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.
Then add $1 to $2.50 per square foot for a plain topcoat, about $3.50 for chip seal or $3 to $5 for a stamped or colored topcoat. If you're putting in a driveway where none existed, add $1 to $2.50 per square foot for an 8- to 10-in. gravel layer beneath the asphalt.