I use a regulated power supply. A battery will get you in the ball park, too. I have meters that I trust so comparing cheap meters to that measuring tool is what I do. I have a Fluke clamp meter that has a calibration function but is more a 0 balancing than a true calibration.
I've used the $3 Harbor Freight meters to set rail voltages and biasing in better audio amplifiers. I've found them to be fairly accurate. I usually double the measurement with a Fluke to verify accuracy but the HF meters are never much off. For me, it's a cheap solution for using multiple meters in that electronic setting.
Relying on utility 120V is a poor base for accuracy. My power at the house is usually on the high side, running from 123V to 125-6V.