I use my Extech Multimeter for grill temperatures. It's way more accurate than a "grill" thermometer. I use a Taylor remote thermometer for internal meat temperatures. I think it was about $25 when I bought it years ago. It still reads 212 in boiling water.
As for instant read thermometers, they're a dime a dozen and that's what you should pay. They're built around a Type K (maybe a J or T) thermocouple with a thin sheath (the probe). To pay more than $20 is insane.
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