How long does $5 soldering irons(that plug directly into mains) last?

Those soldering irons are pretty crappy.

The tips don't last very long, and without temperature control, it's easy to get the board too hot and lift the traces from the PCB.

A decent soldering iron is worth spending more than $5 on - if you're making several projects a week, that seems like enough use to justify a better soldering iron