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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.

When comparing installation costs, asphalt is often less expensive upfront than concrete. Asphalt prices typically range from $7 to $15 per square foot, while concrete can range from $3 to $18 per square foot. However, long-term costs should also be considered. Concrete driveways generally last longer (up to twice as long) and require less maintenance, which can make them more affordable over their lifespan. While asphalt has a lower installation cost and is easier to repair, it requires more frequent maintenance, such as sealing, which can add up over time. Therefore, while concrete is more expensive initially, its durability may offset the cost in the long run.

Gravel is one of the few driveway materials that can handle rain the second it’s installed. Unlike asphalt, which needs days to set, or concrete, which requires weeks to cure, gravel is ready as soon as it’s compacted. It’s naturally permeable, allowing water to drain straight through—with no risk of pooling or surface damage. Gravel driveways are one of the most affordable, at $1 to $3 per square foot, and can also last upward of 100 years.

Concrete is typically the best material for a driveway if you’re looking for longevity, cost-effectiveness, and ease of maintenance. But, it’s not ideal for areas with annual freeze-frost cycles, nor is it the most attractive option—although you can get it stamped or painted. If your location is consistently below freezing, asphalt may be a better choice.