I commuted from home all throughout college. Made the most of it anyway (kinda) but my jobs throughout college were closer to home so it was easier in that way but the traveling back and forth over and over again was a pain in the ass and in hindsight I kinda don't even know how I did it without getting sick of it (my college was a good 30+ mins away minimum). I mean it gave me a better excuse to skip class whenever I possibly could.
If I had the choice again, I might've just went ahead and dormed instead. But I think you can't go too wrong either way, just for different reasons and it's your preference in the end. Like I have good friends close to home that I was still able to hang out with constantly throughout my college years which wouldn't have been the case if I was around college more.