How Much Does Asphalt Pavement Cost?

Asphalt pavement is known for its resilience and durability – making it the best option for most paved surfaces. Government agencies and local communities prefer asphalt pavement for their roadway systems because of its reliability and long lifespan.

Asphalt pavement is the most popular choice for parking lots, airstrips, driveways, and more. One of the reasons homebuilders and homeowners choose asphalt for driveways is that it’s more cost-effective than other surface types.

Asphalt pavement is also eco-friendly. In fact, it’s the most commonly recycled material in the U.S. – even more than plastic or paper!

Without question, there are many reasons to choose asphalt pavement. But how much does it cost – and is it worth the price?

How much does it cost to install asphalt pavement?

Prices of asphalt vary depending on the manufacturer and the asphalt mix. Your location and the type of project you have (installation, repaving, repair) also determine the final cost. Here are some averages to give you an idea before you meet with a local professional asphalt paving company like Premium Asphalt Paving & Sealcoating.

For a new asphalt surface, expect to pay between $3 to $6 per square foot. Some of the factors that can impact the cost of asphalt pavement installation include:

Excavation – Any existing asphalt, cement, or gravel must first be demolished and hauled off. The next step is excavation to clear and prepare the land before laying down the asphalt. Without excavation by professional asphalt pavers, the pavement may not settle properly or it could crack and deteriorate. Some excavation is necessary for all land, but excavation is crucial for proper water drainage if your area has sloping or a steep grade.
Foundation – Part of the installation requires laying a foundation of 8-10 inches of gravel or other crushed stone. This foundation gives the asphalt stability and protects it from damage. The cost of the foundation layer can add approximately $2.00 per square foot.
Base Coat – An oil-based binder material is applied over the foundation to keep the gravel in place and prep the top surface for asphalt. The cost of the base coat varies depending on the quality of the material and the time spent applying it.
Drainage – Most asphalt pavement installations and repairs require drainage design or repair to prevent water erosion. This step may add to the project’s overall cost, but it will extend the life of the pavement and save you money down the road.
Tonnage – Asphalt comes in a semi-liquid state, which makes it easier to spread into a smooth and level surface. The amount of liquid asphalt, or tonnage, varies depending on the size of your project.
Transportation – Special trucks and equipment are needed to lay asphalt, which can be more costly to operate over long distances. So, another factor in the final cost is the distance these vehicles must travel between the asphalt production plant and the project location.
Materials – In addition to the asphalt mixture, other materials are required to complete an asphalt pavement project. The cost of these materials will factor into the final price.

How much does an asphalt driveway cost?

The cost of asphalt driveways in Central Texas ranges from $3 to $6 per square foot for 3- to 4-inch-thick asphalt. The average total cost ranges between $3,000 and $6,000, depending on the size of your driveway. You can request a quote for a more accurate cost on your asphalt driveway project.

Most of the time, an asphalt driveway costs 45 to 50 percent less than a concrete driveway. But price alone isn’t always enough to convince homeowners to choose asphalt paving, so here are a few benefits of an asphalt driveway.

Fast Installation Time – Depending on the size of the project, asphalt installation takes about 24-48 hours. Concrete paving requires twice that amount of time – plus additional time for the concrete to set and cure.
Durability – Asphalt paving expands and contracts, making it an ideal choice for extreme fluctuations in temperature. It’s also easier and less expensive to repair cracks in asphalt versus concrete.
Long Lifespan – Asphalt can last for up to 30 years with routine maintenance! Sealcoating should be applied every 3 to 5 years to protect and renew the asphalt surface.
Environmentally Sustainable – Asphalt is made of several naturally occurring, renewable materials, making it one of the most recycled materials on the planet.

Premium Asphalt Paving & Sealcoating – Best Value and Cost-Effective Prices in Central Texas

Premium Asphalt Paving & Sealcoating ensures exceptional results and professional, friendly customer service for all your residential and commercial needs. Contact us today for a free estimate on your next project.