How much does residency matter for employment (hospitalist)

Current MS4. I'm constructing my rank list and on the one hand, I'd like to start making a decent living as a resident by going to a low COL area with a decently high base pay and moonlighting as opposed to the more prestigious programs in the high COL areas (LA/SF/SD). With that said, does it even matter where I do residency in the grand scheme of things if my intention is to pursue general hospitalist medicine and practice in California, Texas and/or Florida?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Internal Medicine and IM Subspecialties Source Type: forums