What is the average cost of an asphalt driveway?

As of 2015, the average cost of having an asphalt driveway installed is about $2.24 per square foot. It may cost as little as $2,300 or as much as $10,300, depending on a number of factors.

Repairing an asphalt driveway is usually an average of $1.17 per square foot or between $2,000 and $3,800 to repair the entire driveway. For a brand new asphalt driveway, it could cost as much as $25,000 to $50,000 for an extra-large driveway, such as one that is a quarter mile long. Complications and obstructions increase the cost of installation, such as odd shapes and angles, curves or slopes.