Faraday
Small town · Ontario · Population 1,612
Housing and jobs
Housing costs, rents, incomes and jobs in Faraday, with comparisons and sources.
Affordability
Average monthly rent$840/month
ON: $1,408/month · Canada: $1,209/month · 2006: $580/month (estimated) · 2016: $932/month (in 2021 dollars) · Statistics Canada, 2021
Median dwelling value (owner-estimated)$360,000
ON: $700,000 · Canada: $472,000 · 2016: $221,151 (in 2021 dollars) · Statistics Canada, 2021
Households spending 30%+ of income on housing15.5%
ON: 24.2% · Canada: 20.9% · 2006: 13.5% (estimated) · 2016: 27% · Statistics Canada, 2021
Economy
Median household income$64,000
ON: $91,000 · Canada: $84,000 · 2006: $56,028 (estimated) · 2016: $58,038 (in 2020 dollars) · Statistics Canada, 2021
Population growth (5-year)15.1%
ON: 5.8% · Canada: 5.2% · 2016: -4.6% · Statistics Canada, 2021
Unemployment rate17.8%
ON: 12.2% · Canada: 10.3% · 2006: 5.2% (estimated) · 2016: 8.5% · Statistics Canada, 2021