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Yes, recycled asphalt driveway costs can be substantially lower than new asphalt. With new asphalt costing between $90 and $190 per ton, this option can cost as much as 10 times more than laying down asphalt millings.

You can expect your asphalt pavement to last anywhere from 20 to 30 years, or 25 years on average. The life expectancy of your asphalt driveway depends on the climate, the amount of traffic, and how well you maintain it. While you can’t necessarily control some of these factors, you can control the amount of maintenance effort you put into your driveway. 

To prevent your asphalt from deteriorating prematurely, you should follow a good maintenance routine involving regular cleaning, reparation work, and resealing.

If you notice minor cosmetic problems with your driveway, you should seal it. Look out for cracks and holes on the surface, faded asphalt or concrete, and stains from oil and other chemicals. Replacing your driveway may be necessary if you’re dealing with significant problems—¼-inch cracks, large potholes, and puddles from drainage issues. The cost to install an asphalt driveway typically ranges between $4,200 and $9,000, significantly more than resealing. Consider talking to a professional to discuss whether resurfacing your driveway—a midway project between resealing and replacing—is a better option for you.

Whether it's worth it to install a heated driveway depends on how often you'll use it, your lifestyle, and your budget. If you live in a mild climate with little snowfall, then installing a built-in heated driveway system may not be worth it. If you live in a region that experiences mild snowfall, then a portable mat could work better. However, if you live in a region with heavy snowfall, it makes sense to invest in a built-in heated driveway.