Meh. Even those who live in base may often commute for a long time due to upgrade, international, relative seniority, working the system, etc. While living in base is nice all things equal, different airlines at different times with different bases are almost never all things equal.

More important than the niceties of living in base, by far, is one's psychological approach to it. If your entire worldview gets nuked into a manic depressive flat spin out to sea if you can't make your anticipated get home flight or if you have to occasionally spend for a hotel despite making between a quarter and a half million a year, then that settles it; you must live in base. If, however, you have the ability to improvise adapt and overcome things as world rocking as the occasional minor convenience, sometimes living where you want and commuting to a certain BES relative seniority microclimate can be vastly superior.