1 Macadam typically lasts 6-10 years and provides the decorative and rustic appearance of a gravel driveway but with a firm base. 2  An asphalt driveway costs about $2 -$5 a square foot, or $1,200 -$3,000 for 12'x50' to $31,000 -$75,000 for a 12' lane a quarter mile long. 1 Asphalt Repairs & Sealing Costs. If you're considering asphalt sealing, than you most likely had one or a few of the issues I mentioned above. Either way, no matter what driveway repair job you need, few projects will come in under $1,000. According to our asphalt repair cost estimator, the average price comes in at $1,075. Of course, this is assuming that your asphalt can be salvaged. More often than not, most driveway repair jobs involve placing a new layer of asphalt above the existing layer Asphalt driveways vary significantly in price. The best way to approach cost is to determine the amount of square feet you will need paved. Typically, asphalt driveways can cost anywhere from $3.00 - $6.00 vs concrete driveway which cost anywhere from $6.00 - $12.00 pending the amount of area you need paved. There are several aspects that need to be accounted for which will raise or lower the price. Driveway sealing cost anywhere from .15 to .40 per square foot. There are many factors to consider when determining the asphalt sealing cost of your driveway. Driveways are suppose to be sealed many times throughout the life of the pavement. If a driveway is neglected for years, the cost will rise. Note: The cost of neglect is replacing your driveway every 10 years instead of every 30. Laidback Larry will pay TWICE as much in replacement over 30 years ($4,800 to $12,000) compared to Handy Andy who after 30 years will be paying $2,400 to $6,000 in driveway repair and paving. Prices for asphalt sealing generally range from $0.08 to $0.30 per square foot. It also costs from $0.50 to $1.00 per linear foot to fill cracks with asphalt crack filler. These prices are significantly less than the price of asphalt driveway replacement. 1 If the damage is extensive, repaving may be necessary. 2  A newly paved driveway can cost $600-$3,000 for gravel, macadam or black asphalt for a small 12x50 (600 square foot) surface, and can run two to three times as much for materials like concrete or cobblestones.  1 Also called tar and chip or oil and stone, macadam driveway can cost $1 -$3 or more a square foot on an existing driveway, or $600 -$1,800 for 12'x50'; and $2 -$4 or more a square foot for a completely new driveway with gravel base, or $1,200 -$2,400 for 12'x50'. 1 An asphalt driveway costs about $2 -$5 a square foot, or $1,200 -$3,000 for 12'x50' to $31,000 -$75,000 for a 12' lane a quarter mile long. 600 x $3-$4 = $1,800-$2,400 (estimated asphalt driveway cost). At that approximate cost, a driveway contractor will dig out 4-6 inches of whatever you already have in place, replace it with clean driveway gravel and grade it to a level and compacted surface. After that, they will put down 3-4 inches of base asphalt, and a final coating of 1-2 inches of topcoat. * Note that the any asphalt driveway cost calculators you use online are only going to be rough estimates. To calculate the asphalt driveway cost, you just need to take a measurement of length x width to get the approximate square foot area, and multiply it by the average cost of $3-$4/square foot. Example: A driveway that’s 10′ wide and 60′ long equals 600 square feet. 1 Asphalt Driveway Sealcoating – As your driveway ages, the sun and weather will wear the surface to the point that it needs to be re-sealed every 3-4 years. 2  Another somewhat diy repair for most homeowners, asphalt driveway sealer can be purchased for about $75-$100 per 5 gallon bucket, and applied in a single day. 1 Another somewhat diy repair for most homeowners, asphalt driveway sealer can be purchased for about $75-$100 per 5 gallon bucket, and applied in a single day. 2  A 5-gallon bucket of sealer will cover about 350 square feet of surface so make sure you have enough to complete the job before you start! 1 A stamped asphalt pattern (typically in the shape of bricks or stones) on a new or existing asphalt driveway can cost $3 -$9 a square foot, or $900 -$2,700 for 12'x25' or $3,600 -$11,000 for 24'x50' for just the stamping. 1 An asphalt driveway costs about $2 -$5 a square foot, or $1,200 -$3,000 for 12'x50' to $31,000 -$75,000 for a 12' lane a quarter mile long.
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