Prices in Faro range from almost 22 percent above comparable prices in Whitehorse to more than 10 percent below Whitehorse prices. Overall, the cost of living in Faro is just over 8 percent higher than the Whitehorse cost of living.
The Census reported 110 occupied private dwellings in Faro in 2001; local sources estimate the number at 150. For owner-occupied housing in Faro, generally with three bedrooms, Census information gave an average value of $40,507 in 2001. Rented accommodation cost an average of $664 a month in 2001. Because of the decline in population over several years there is also considerable unused housing available in Faro.
