He was working in Chicago for many years, but he is currently located in New York.
What does the second part (in bold) of the sentence mean? Does it mean that "he currently lives in New York" or "he currently works in New York? If it is the former, I think it should be "he currently locates in New York." Or both "He locates in New York" and "He is located in New York" mean "he lives in New York"?