Hi, I've seen lots of good advice for IEM for android but as soon as you add the mic requirement for a certain phone model it gets very hard.
LG Optimus 4X HD P880
Over all it will be over your budget (total cost around $150) but you can also check Shure SE215 with android mic cable. Just consider it seriously. Since cables are replaceable a SE215 is more likely to laast longer for you. Also sound quality is really good. Maybe we can help you better if you give us more info regarding your music choice.
Hmmm, I also found this thread now.