How much would a repair for an unresponsive volume button cost for an iPad 3?

The volume button for decreasing the volume as stopped working and has been unresponsive to restarting the my 3rd gen iPad, and doing a hard shut down. My AppleCare warranty for my device has expired and I would like to know how much a repair for this would cost. It should be noted that the button for increasing he volume still works but since the buttons are technically one button on the device my assumption is that both buttons would have to be replaced. If you could shed some light on whether I should repair my iPad or buy the iPad Air, (whichever one seems cheapest or most cost effective in the long run). Thank you for your time and an answer to my question would be gladly appreciated!

http://www.apple.com/support/ipad/repair/other/ links to the Apple iPad repair page.  Out of warranty replacement of an iPad 3 is $299.00.  The device will be replaced, and the replacement will come with a 90 day warranty.
HTH

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