Depending on where you are and how good you are, 5% (or 2.5% semi-annually) annually is likely low. Any competent developer should be able to negotiate $5000+

Depending on where you are and how good you are, 5% (or 2.5% semi-annually) annually is likely low. Any competent developer should be able to negotiate $5000+ raises in 6-12 months based on performance (or jump to a job paying much better).