Lakeridge is located near the far south-east edge of Saskatoon, just south of Wildwood and to the east of Lakeview. The area is somewhat unique in that it's one of just a few Saskatoon neighbourhoods in which the residential development is entirely single-family detached homes and the homes are almost completely owner occupied. The lack of any multi-family developments within the area contributes to a strong average household income, pegged at nearly $120,000 in the 2006 census, more than double that earned by the average household across the entire city.