My rear pads last about the same as Chainstretcher's, 7,000 to 8,000 miles. While they're not down to the metal or even the wear limit by that time, I don't use any pad down to its wear limit. When the pads get too thin, too much heat is transferred through them to the bonding agent which can become too soft and allow a pad to be tossed. Once my pads are only about 40% that of new, I replace them.
My 1997 YZF1000R tossed one of its rear pads while just above the allowable tolerance to pass an inspection. A few weeks later I heard metal squealing when I applied the rear brake when coming home from work. Even though the rear rotor wasn't scared badly, for smooth operation I needed to replace the rear rotor at a cost of $180.00 as well as purchase new brake pads. That's why I no longer take brake pads down to their wear limitation. Pads are relatively cheap but rotors aren't.