It's all relative. If you buy strips at Walmart for $9 from a brand like Aquarium Pharmaceuticals, you are more than likely going to get strips that are wildly inaccurate.
If you buy strips from a medical company for testing urine costing $250, they will measure ph, alkalinity, nitrates of seawater very accurately.
ps- another aspect of relative cost of a test kit is the end point color. For instance, a cheap kit will give you 3 variables, light pink, pink, and dark pink. An expensive test kit would give you somethingl ike yellow, yellow with red dots, solid red