This is also a red flag. If you are the most expensive employee in the region and a ~30% discount from market that means they have not been lifting people at each raise up to a better salary and there will be a day of reckoning. It also means your salary would likely not change and you'd be stuck there till you left.
Now I say run away don't walk away from this company, too many things are against you here. I know that is easy to say and harder to do, but don't sacrifice yourself for a company that isn't being good stewards of their employees and isn't being honest at the earliest part of your relationship.
Now I say run away don't walk away from this company, too many things are against you here. I know that is easy to say and harder to do, but don't sacrifice yourself for a company that isn't being good stewards of their employees and isn't being honest at the earliest part of your relationship.