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The phrase "far less costly" is correct and usable in written English.
It can be used when comparing the costs of two or more items or options, indicating that one is significantly cheaper than the other.
Example: "The new software solution is far less costly than the previous version, making it a more attractive option for our budget."
Alternatives: "much cheaper" or "significantly less expensive".
Exact(57)
Civil actions are far less costly than criminal prosecutions.
What is more, trains require fewer employees and far less costly infrastructure than do planes.
A student has devised a far less costly, yet still untested, alternative.
Betting parlors would be replaced with far less costly kiosks in bars and restaurants.
Rents are falling fast and constructing purpose-built factories and offices is far less costly.
They are also far less costly to get ready for the road.
If this had been done sooner, it would have been far less costly in every way.
These measures are expensive, but far less costly than repeated disasters.
Many other far less costly frames are also on the market.
Next month, I.B.M. plans to unveil far less costly server systems based on industry-standard microprocessors made by Intel.
As with most matters affecting human beings, early preventive action is far less costly than is substantially deferred intervention.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com