Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
| Statistic | Faraday | Ontario | National |
| Workers who drive to work | 31.7% | 37.3% | 40.0% |
| Workers who carpool | 2.9% | 3.2% | 3.0% |
| Workers who take public transit | 0.1% | 8.2% | 7.1% |
| Workers who bicycle | 0.1% | 0.7% | 0.8% |
| Workers who walk | 1.0% | 2.9% | 3.2% |