wohnen
to live
To have one's permanent place of residence or home in a house, an apartment, or another place.
Seit meiner Kindheit wohne ich in derselben Stadt.
I have lived in the same city since my childhood.

to live
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to live
To have one's permanent place of residence or home in a house, an apartment, or another place.
Seit meiner Kindheit wohne ich in derselben Stadt.
I have lived in the same city since my childhood.

'Wohnen' (to live) is usually used with the preposition 'in' (+ dative) for a place (city, country, house) or with 'bei' (+ dative) for a person.
Meine Tante wohnt in einem kleinen Dorf an der Küste.
My aunt lives in a small village on the coast.
In the expression 'einer Sache innewohnen' (to be inherent in something), the verb 'innewohnen' is separable. In a main clause, the prefix 'inne' comes at the end. The subject is the quality that is inherent in something (in the dative).
Dieser alten Tradition wohnt eine besondere Bedeutung inne.
A special meaning is inherent in this old tradition.
The expression 'einer Sache innewohnen' (to be inherent in something) is very formal and belongs to a poetic or philosophical style of language. It is practically not used in normal everyday speech.
Der Richter sprach von der Gerechtigkeit, die dem Gesetz innewohnen sollte.
The judge spoke of the justice that should be inherent in the law.
to live
'leben' and 'wohnen' can both say that someone is in a certain place and has their home there. 'wohnen' is more specific when it is about the apartment, house, or address. 'leben' is a bit broader: it can mean the place where someone lives, but also their whole life in a place, including work, friends, and everyday life. That is why the words can be easy to confuse. When asking about an address or accommodation, 'wohnen' is more natural. When talking about life in a city or country, 'leben' often fits better.

Im Sommer wohnt sie bei ihren Eltern, weil ihre Wohnung renoviert wird.
In the summer, she is living with her parents because her apartment is being renovated.
Julian lebt seit drei Jahren in Berlin und kennt viele Leute dort.
Julian has lived in Berlin for three years and knows many people there.