If you never have a problem with a $5 meter, then you have good luck. So you say the cheapest you can get or over $100. Anything in between is a waste of money? Many people have reported that their "830" style meter has read completely wrong. It would be a bad thing if you measured a supply voltage that at 5V and that is what your device needs and then find out you just fried your $50 project because it really was 12V. It is not just about the safety of the user but also being confident in your measurements.
I would have no problems telling someone they can use a UT139C on mains in the house. This could be when you want to check the voltages going to the inside of appliances for example. There are many paces to measure mains voltages and energies that are not just sticking the probes in the wall socket. I have a solar system and its "mains" could be wrong if something starts to fail, as another example.
Buy cheap if you want but know the limitations of buying cheap and what the consequences are. A $50 meter maybe won't measure better than a $15 meter when new, but what about in two years, or when you drop it too many times, or when the contacts start to wear, etc... I am sorry, but asserting that a $15 is going to be just as good as any $50 meter is not logical.
Is it not better to buy something you can trust once, instead of buying junk over and over and over?
The answer to the OP's question is:
Spend what you can afford to get a quality instrument. If you are going to never poke the probes in anything close to mains, then a $15 UT136B is a good buy. You want to spend the minimum and have a a good safe meter for almost anything a home hobbyist might want to measure, then the UT139C is a good buy at $50. There are probably other meters in these price ranges that I would be happy to recommend for the same uses. Anything less and you start to get into some pretty questionable quality. Sure I would like it if everyone would purchase a Fluke 17B, or a Brymen BM257s, or an Amprobe AM270. Something like these is guaranteed to be as safe as anyone would need for any kind of home use. The other meters are fine though for their recommended use. Cheaper is just asking for some kind of problem.
$50 is what a good quality set of probes costs
I aquired a UT-61E just for fun,
the first thing i noticed was that it showed 0,5V off at 5VDC, the second thing that i noticed was that it could not measure AC when there was DC present.
I have a Fluke 289 that have seen some hard use, it never fails, not in any point.
A Fluke 289 is way too expensive for most hobbyist that mostly checks connections, measure resistors and checks if the 9V battery is ok or not.
As many hobbyist rarely measures current the simplest Fluke 101 would suffice and be more trustable than a cheap no-name meter with crappy probes.
When you buy a cheap multimeter or tool or whatever you must be aware that there is limitations, in the multimeter case you should not fully trust it, especially not for measuring mains.
You should not fully trust the probes either, cheap flimsy probes are cheap for a reason, i does not take much imagination to realize what can happen when the meter says that there is no voltage in the power outlet, are you absolutely positive that there is no voltage? can you trust the multimeter? can you trust the probes?
At work i always replace my collegues multimeter probes when thay leave it for the yearly calibration service, at first many thinks it is absolutely unnecessary as their probes works just fine.
But after a year of hard work when stretched, stepped on and coiled countless turns around the meter i would say that they are worn enough not to be trusted anymore,
therefore i just replace them, at least a new set of probes are cheaper than a human life, a lot cheaper.