While Faustian Pacts are entirely fictional it is impossible to experience a real world szenario which would give a similar Feeling. However, the reason why this topos is so popular is that it gives a good example of human nature and desires. This is whysuch a szenario can very well be imagined and is beneficial to imagine. In order to imagine living in such a Faustian world you have to imagine what the life of an avarage Person in such a World would look like. As Humans who are ready to sacrifice their own wellbeing  for knowledge and power tend to care even less about the wellbeing of others, one should imagine the Fausians to live in high social inequality. An average Member of the Faustian civilisation would thus probably live in poverty and perhaps even regularly face the threat of being sacrificed in satanic rituals which would draw most of his attention and care to day-to-day survival which, given his civilisation's overall tendency towards faustian and satanic pacts might also trigger him to seek help from supernatural and evil powers which will further feed his misery. Besides survival an average Faustian will envy the wealth of the Faustian upper class who have concentrated the power and wealth gained from Faustian contracts around them. He will thus strive to either improve their social status or to escape civilisation albeit both are close to impossible. Life among the Faustians would thus probably be governed by emotions of despair, hopelesness and opression.
The closest you could get to actually experiencing this would be to move to some authoritatian state, perhaps North-Korea.
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