Yes. A $50 microphone sounds better than a $1000 one. Compared to cheap microphones, expensive microphones typically have better-designed capsules that require more time to produce. They also have much lower noise floors and tend to be more sensitive with a wider frequency range, resulting in cleaner, higher-quality, and more detailed sound. Remember that while there won't be much difference between a $100 and a $200 microphone, there will be a noticeable difference between a cheap and an expensive microphone.