Am I being underpaid?

Almost 1.5 years in my FP&A career in SoCal and looking to get some feedback on if I continue at my current company or look elsewhere.

Started with a salary of $65-$67k

My first year my manager was okay I didn’t learn from him/her but strived to make their job easier and take care of my responsibilities. During my first focal review, I had decent comments but was given a 2.7% annual increase. I asked if this was negotiable but they said no. I was very crushed because one I felt like I work so hard and two I was taking a pay cut because that wouldn’t even cover inflation.

I have than recently transferred to a new manager who has one enhanced my way of thinking and overall to summarize I’ve developed more under him/her in one month than I have in a year. I’ve improved forecasting wise, reporting, and have developed an understanding of SQL and database to help bring value to the company. I’m looking to make $75-85K around a 10%+ increase from what I’m currently at. Am I wrong to want more? How should I position the conversation to get more $$? Am I being underpaid?