I think today - it’s much easier to be where you want. My kids offers from Bama were all over and not local. He’s now in CA after a leadership rotational in Utah, Arizona, CA and Florida. My Charieston daughter is in Denver.
Landing locally may be most likely but that’s because it’s where kids apply. With the acceleration of internet hiring, I don’t think anyone is pigeon holed location wise and then even if you start one place, you may move another. My company moved from the west to south. In my industry, from Toyota to VW to Mercedes to Porsche - all moved south. Mercedes is now closing its Michigan operations and moving 500 to Atlanta. Want investments ? Alliance Bernstein left NYC for Nashville. Goldman and JPM have moved tons to Texas.
So personally I wouldn’t use the where will I settle or want to settle criteria. Never in 100 years did I expect to live in TN as a New Jersey-ite and Californian - and for longer than I’ve lived anywhere else.