Do F1 drivers live in the same place as their teams are located?

For some drivers it depends on their contract. Most of the big teams allow their drivers to live where they wish. For example Fernando Alonso has lived in Switzerland for a few years. However when he started to work for Ferrari he moved closer to Maranello so he can access it more easily.

Vitaly Petrov however was told to move to England if he wanted to carry on racing with Renault.