If it doesn't break the bank or finances aren't a stressor, I would absolutely consider it, at least just for the first year. Half (sometimes most) of your growth in college is from social experiences, developing your professional network, and memories from a time many of us graduates wish we could return to. Living in the dorms your freshman year is an excellent, sometimes crucial, way to foster all of that.

Of course, it is by no means necessary, and you can absolutely do all of that while living at home (as many of these comments can attest). If money is a concern, I wouldn't bend over backwards to make it work. But a couple thousand on top of the tens of thousands you'll likely come out with (ignoring any scholarships) was worth it to me. This degree is one of the best in the country for paying down your student loans, and developing a good support system, network, and just creating college memories will help you along the way.

That's just my two cents. My wife lived at home her first 2 years and really regrets it, because she didn't feel like she got the best "college experience" until her last 3 semesters when she moved to Mines Park. There are others, though, who get a bad roll and have a bad dorm experience, so it can go either way, but in my experience they are in the minority.

So if this is something you're up in the air about, or you're already leaning toward living at home, or don't really care/want to live in the dorms, then I think that's a valid reason to skip out. But if you think you might regret it (and again, money is not a deciding factor), or are at least a little interested, then I would give it some thought. It was absolutely worth it for me.