The moisture content ratio (MCR) of the emulsified asphalt chip seal can determine its curing degree. However, the MCR of emulsified asphalt chip seal is difficult to measure on actual projects, and there is a lack of a method to assess its MCR. The objective of this study is to establish a prediction methodology for the MCR of emulsified asphalt chip seal based on machine learning and electrical parameters. Features such as electrical parameters and MCR of emulsified asphalt chip seal at different times were measured experimentally. The importance of the features was evaluated using a Random Forest (RF) model. A Back Propagation Neural Network (BPNN) prediction model was established using the important features. The weights and biases of the BPNN were optimized and initialized using the Improved Particle Swarm Optimization (IMPSO) algorithm. As a result, the RF-IMPSO-BPNN emulsified asphalt chip seal MCR prediction model was developed. This model was compared with five other models. The results show that compared to the RF-PSO-BPNN model, the improved RF-IMPSO-BPNN model can improve the ability of the neural network to find the global optimal solution. Compared to the other four machine learning models, the RF-IMPSO-BPNN model can achieve higher prediction accuracy while reducing the human and material resources of the various devices to collect part of the data. In addition, the emulsified asphalt chip seal cures at low MCR. The model predictions are more accurate at low MCR. Therefore, this study developed the RF-IMPSO-BPNN emulsified asphalt chip seal MCR prediction model, which can use fewer features to achieve higher accuracy and provide a rapid and non-destructive idea for judging its curing.