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The average cost of 1,500 square feet of asphalt ranges from about $10,500 to $22,500, depending on location, thickness, base material, and how accessible the job site is to crews and equipment. Keep in mind that your asphalt material cost may vary depending on its type, ranging from porous asphalt to heated blacktop. Standard asphalt costs $7 to $13 per square foot.

The cost to replace a driveway ranges from $8 to $15 per square foot, depending on factors that include material, size, and labor. If your driveway has deep cracks, potholes, or drainage issues (or if it’s simply past its prime), replacement might be the smarter investment over constant repairs. Resurfacing can be a cheaper alternative at $3 to $20 per square foot, but it won’t fix your driveway’s underlying problems.

Sealing coat asphalt after 6-12 months and then every 2-3 years is recommended.

The choice between asphalt and concrete depends on your priorities, budget, and climate.

Concrete is generally more durable, lasting up to 50 years with minimal upkeep, and offers more customization options like staining and stamping, which can add more to a home's value. However, it is more expensive upfront and can be prone to cracking in cold climates where water can freeze and expand.

Asphalt is typically cheaper and quicker to install and is easier to repair. It performs better in colder climates. However, it requires more maintenance, including regular resealing, has a shorter lifespan, and can get hot and sticky in intense sunlight.

Ultimately, if durability and long-term value are key, concrete is often the better choice. If upfront cost and performance in cold weather are more important, asphalt may be preferable.