Faraday, ON
Full City Profile · Ontario
2.6
/5.0
C+
Fair
1,612
Population
19/sq mi density
$64,000
Median Income
$42,760 per capita
$360,000
Home Value
$900
Median Rent
16.2% income on rent
40°F
Avg Temperature
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$64,000 median income, 17.8% unemployment
B+
Affordability
3.5 / 5.0
$360,000 home value, $900/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Income Overview
Median Household Income
$64,000
15% below
US avg: $75,149
Per Capita Income
$42,760
9% above
US avg: $39,052
Unemployment Rate
17.8%
394% above
US avg: 3.6%
Poverty Rate
16.6%
34% above
US avg: 12.4%
Income Comparison: Faraday vs. U.S. Average
Each bar shows Faraday’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$64,000
85%
Per Capita
US: $39,052
$42,760
109%
Avg Weekly Wage
US: $1,432
$822
57%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$822
43% below US avg ($1,432)
Mean Commute Time
23 min
15% below US avg (28 min)
Work From Home
32.5%
114% above US avg (15.2%)
Drive Alone
84.3%
15% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
How Residents Get to Work
Drive Alone
84.3%
Public Transit
0%
Work From Home
32.5%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
50
Complete Economy Data
Income & Wages
| Median Household Income | $64,000 |
| Per Capita Income | $42,760 |
| Avg Weekly Wage | $822 |
Hardship Indicators
| Unemployment Rate | 17.8% |
| Poverty Rate | 16.6% |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 84.3% |
| Public Transit | 0.0% |
| Work From Home | 32.5% |
Businesses
| Total Establishments | 50 |