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With proper maintenance, asphalt milling driveways can last 30 years or more. Over time, you’ll need to regularly sealcoat your driveway. You should also have your driveway inspected every few years and make any repairs as soon as they are necessary; this will prolong the lifespan of your driveway.

There are quite a few differences between concrete and asphalt. Concrete is more costly up front and more challenging to repair. Asphalt does better in cold climates and works well with radiant heat systems. Porous asphalt is also excellent for wet climates, as it allows the water to drain away. However, it does get unpleasantly hot in the summer and requires more maintenance than concrete.

Gravel driveways are significantly more affordable than asphalt driveways, making them an enticing financial decision when choosing your next driveway material. On average, gravel driveways are $5.75 to $13 per square foot cheaper than asphalt driveways. 

It's not just their price that makes gravel driveways more economical. Gravel driveways also can last up to 100 years with minimum maintenance, whereas asphalt driveways only last for 15 to 30 years with proper maintenance. But if you’re looking for the best driveway material for cold weather, asphalt may be a better choice.

An asphalt driveway costs between $3,150 and $7,400, depending on the size of the driveway and the depth of the asphalt. Expect to pay between $2 and $6 per square foot for materials and $5 to $7 per square foot for labor. Although installing asphalt yourself will save you on labor costs, it might ultimately cost you more when you make a mistake.