Asphalt paving costs $3 to $7 per square foot for a driveway or parking lot. An average asphalt driveway costs $1,200 to $6,000 installed. The average cost to pave a private one-lane asphalt road is $35 to $85 per linear foot.
A tar and chip driveway costs $2 to $5 per square foot and features crushed stone spread over liquid asphalt.
An asphalt driveway is cheaper than concrete, at $3 to $7 per square foot. In comparison, concrete driveway contractors charge $4 to $8 per square foot for installation. Concrete is more expensive than asphalt because of the price of its cement binder materials.
Asphalt paving lasts 15 to 30 years, depending on the climate, maintenance, traffic, asphalt grade, foundation and installation quality, drainage, and soil type. Asphalt deteriorates fastest when water freezes and thaws inside the pavement's cracks.
Installing a paved driveway adds value and curb appeal to a home. Paving a driveway has an average 50% to 75% return on investment.
Paving companies recommend replacement when the asphalt is beyond repair, or the cost of repairs exceeds the cost of new asphalt installation.
Replace asphalt driveways when:
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