What Is the Price of Divorce?
Approximately 2 million couples tie the knot annually in the U.S., while approximately 900,000 couples legally untie it.1 As the graphic above, explains, the median financial cost of uniting each couple is $25,000 while the cost of divorce hovers at around $4,000. Nolo's survey of divorcing couples also determined that for most couples, the divorce procedure took 10 months (compared to the average of 13 – 18 months that most couples spent preparing for their wedding2). The hourly rates charged by divorce attorneys also reflects the average for all U.S. lawyers3 -- somewhere between $150 and $350 per hour depending on region and experience, with the most common rate being $250 per hour. Finally, the survey reflected what most people expected, that the more complex (and longer) the divorce, the less satisfaction with the result.
1 National Marriage and Divorce Rate Trends, http://www.cdc.gov/nchs/nvss/marriage_divorce_tables.htm
2 Average Engagement Length, And Other Wedding Planning Statistics, http://www.huffingtonpost.com/2013/01/04/average-engagement-length_n_2411353.html
3 How, and How Much, Do Lawyers Charge? http://research.lawyers.com/how-and-how-much-do-lawyers-charge.html