I live where I was born and grew up.
It's an interesting place to live. It's a university town. For about four months out of the year the population is drastically different than it is the rest of the year. During the school year, it fills up with a lot of white, very privileged kids, a ton of international students, and a lot of people who like to drink. A lot. A friend in Wales once told me "Your city was on a special over here! They were showing video of how drunk the kids get on St. Patrick's Day! Are they all stupid or something??" Well that's embarrassing. We have something called "Unofficial" because the college is normally out for Spring Break on St. Patrick's Day, and God forbid the kids not be able to get hammered, so there's an "Unofficial" day where they all go out and get hammered on that day instead. This past year school was in session on St. Patrick's Day. So they got wildly hammered on Unofficial AND St. Patrick's Day.
Much of the population is highly educated, lots of people with MA/MS or PhDs and if you don't know at least one person working on their thesis, you're probably a hermit of some kind.
At the same time there's also a very large population that is very poor. It's really pretty segregated, too. Very clear "poor parts" of town and "rich parts" and the rest of us just try to make it in the other parts, which are slowly being swallowed into "poor parts" because... well... people are poor. There are lots of farms around here too which is a different kind of social and financial class. We have a few large factories around so a lot of families know each other because there are links through the factories. You can meet a perfect stranger and figure out you're linked in one way or another through one of the factories. SO MANY PEOPLE know my dad. It's crazy.
It's a very strange place to live socially. My friends are blazing rednecks and poor struggling young adults and crazy conservatives and over-the-top liberals and richy-rich professors/researchers.
As to if I like it... I like it well enough that I'm still here. But financially it's a pretty poor city. The people with money are vacating as quickly as possible to other cities in the county. I looked at some of those other cities but I couldn't afford it, so here I am in the poor city instead. Crime is a problem, it's not helped by having a large population of young, privileged kids who are suddenly miles away from their parents and have easy access to more alcohol than anybody could possibly need. There are also a lot of kids who are sent down from Chicago to attend the community college here because their parents think if they just get their kids out of Chicago that will magically solve their being in "trouble"... and, surprise, it just brings the crime element from Chicago and puts it down here instead. Racial tensions can run very high. There are lots of places in town I just plain don't feel safe.
I would much rather live in another of those cities that are overall not so **** poor and not so unsafe, but when you're poor, too, well, that's what you get.
As to living anywhere else, if I had more balls, I would have quit my job and moved to the Indianapolis area a few years ago. I probably would have a much better job and more money. But the idea of picking up and moving somewhere without a job and having to live off my savings was terrifying and I didn't do it. So here I am. Poor, in the poor city. Whoo-hoo.