I recently learned peers with similar roles are making $15K to $20K more than I am. So what should I do with this information? I know for a fact it'll be a waste of time looking for a raise with my company but I really don't want to have to start over somewhere else.

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You already know the answer. If you know they won't give you a raise, and you don't want to start over somewhere else, then you're choosing to accept being underpaid for the convenience of staying. Nothing wrong with that, just don't delude yourself into thinking there's any other choice. There isn't. Decide which of the two is the lesser of two evils - being underpaid or starting over - and make your peace with it.

Man, that’s a gut punch. Finding out you’re underpaid by 15-20K compared to peers doing the same job? It stings, and it’s totally valid to feel pissed off about it. Since you’re pretty sure asking for a raise here would go nowhere, I wouldn’t waste energy on a formal sit-down that’s just going to leave you more frustrated. But here’s what I’d actually do if I were in your shoes:
Quietly start looking. You don’t have to quit tomorrow or even apply to ten places a week—just update your LinkedIn (turn off the “open to work” banner if you don’t want your company notified), refresh your resume, and start browsing jobs in your field. Even if you only apply to one or two roles a month, you’ll get a real sense of what the market is paying right now. Often the offers come faster than you expect once you dip a toe in.
Use this info as leverage when you’re ready. Once you have an offer (or even strong interest from another company), you can decide if you want to take it to your current boss as a counter. Sometimes companies surprise you and match when they realize you’re serious about leaving. Worst case, they say no and you’ve already got something better lined up.

Things like that happen. Salaries can depend on any number of factors, from experience to education to when someone came onboard. If someone joined the company when their skills were in high demand, they got a boost and a head start and will always earn more than their colleagues. It's unfair, but that's the way it is. The only way to correct it is to find a better job somewhere else.

It might be worth having a chat with your manager about your value and contributions. Maybe they can offer some insights or alternatives. If not, you could explore options within the company that match your worth.

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