Urban areas provide the potential for lots of human interaction and culture.
Rural areas provide nature and solitude.
Suburban areas give you a three mile walk to a convenience store without sidewalks.
On the other side, every C level/director person I've worked with consulting for the bigger companies around here and elsewhere in the US are almost always from a major urban city. I can tell as soon as I meet them. They speak (I don't mean accent) and handle themselves very differently. There's a certain confidence that comes from having broader social experiences and the opportunities and networks that naturally arise from that.
Do you know any multihome millionaires from nowheresville Mississippi? How about Chicago, New York, or LA?
Again, my 2c, and I almost consider this obvious.
Mainly for those with money.