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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.

A solid driveway starts with the right asphalt mix, and for most homes, dense-graded hot mix asphalt (HMA) is the most recommended. It’s both durable and flexible, making it a reliable choice for residential use. A properly compacted 2-3 inch layer on a well-prepared crushed stone base will hold up for years. In areas with harsh winters or scorching summers, a slightly modified mix can help prevent cracking and rutting. No matter the climate, quality installation is just as important as the material itself, so hiring an experienced contractor ensures a smooth, long-lasting driveway built to last.

Gravel is the least expensive driveway type, costing between $1 and $3 per square foot. That said, you’ll likely need to add new gravel filling once or twice a year which can add up in additional costs over time. In addition, be prepared to regularly rake the gravel into place to keep your gravel driveway looking its best.

An asphalt overlay or top coat costs between $3 and $7 per square foot. For a standard, single-car driveway that’s 10 feet wide and 20 feet long, that’s a total of between $600 and $1,400. For a two-car driveway, you’re looking at a total of between $1,200 and $3,000.