BayAreaPyGuy

Review time is coming up at work, and I've found out I'm being paid at roughly the 30th percentile for someone with my experience (3 years, Python/Django backend) in the city I work in (SF). I've been with the company for about a year, and I would like to stay there, but certain external factors have caused money to become tighter than it was a few months ago.

I want to fix this situation, but I don't particularly want to change companies. I like going into work; enjoy my coworkers; and the company is in a good position to become cash-flow neutral very soon, so we're in a good place in spite of all the articles about the impending blood bath in the Valley. On the other hand, I've explicitly been told by my tech lead that the days of 10%+ raises are over, but I'm making around 16% less than the median.

Is this a hopeless situation?

I'm an engineer in SF with 3 years' experience in primarily Python and Django. I make just a little over $100K, but I've been told by multiple people that I could/should be making more.

What range should an average engineer with my experience level be making on the open market in the Bay Area today?

My employer is large enough that I'm sure they can afford to pay market rates. What can I do (besides leave) to get up to market rate?