Yes.
The ability to work from anywhere can make it seem that it doesn’t matter where you live, since you can connect with anyone and work with anyone wherever you are through technology.
But this would actually be a mistaken inference because of what Richard Florida calls “the clustering force.” Here’s what he says in Who’s Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life:
It’s a compelling notion, but it’s wrong. Today’s key economic factors — talent, innovation, and creativity — are not distributed evenly across the global econonomy. They concentrate in specific locations. It’s obvious how major new innovations in communications and transportation allow economic activity to spread out all over the world. What’s less obvious is the incredible power of what I call the clustering force.
In today’s creative economy, the real source of economic growth comes from the clustering and concentration of talented and productive people. New ideas are generated and our productivity increases when we locate close to one another in cities and regions. The clustering force makes each of us more productive, which in turn makes the places we inhabit much more productive, generating great increases in output and wealth.