Driveway Cost Formula:
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Definition: This calculator estimates the total cost of an asphalt driveway based on material and labor costs.
Purpose: It helps homeowners and contractors budget for driveway installation or resurfacing projects.
The calculator uses the formula:
Where:
Explanation: The total material cost is calculated by multiplying tons of asphalt by price per ton, then adding the labor cost.
Details: Proper cost estimation helps with budgeting, comparing contractor quotes, and financial planning for home improvement projects.
Tips: Enter the amount of asphalt needed in tons, current price per ton (default $100), and estimated labor cost (default $500). All values must be ≥ 0.
Q1: How do I estimate tons of asphalt needed?
A: Use our Asphalt Calculator tool or multiply area (sq ft) by thickness (inches) by 0.056 tons per sq ft per inch.
Q2: What's a typical price per ton for asphalt?
A: Prices range from $100-$200/ton depending on location, oil prices, and season (summer prices are often higher).
Q3: What does labor cost typically include?
A: Labor covers preparation, installation, compaction, and may include excavation or base materials in some quotes.
Q4: Should I add anything to the calculated cost?
A: Consider adding 10-15% for unexpected costs, grading changes, or additional base materials.
Q5: How long does an asphalt driveway typically last?
A: Properly installed asphalt driveways last 15-20 years with periodic seal coating every 3-5 years.