An agricultural implement wear monitoring system that monitors a first component of an agricultural implement. A sensor detects and emits a signal indicative of a first geometric dimension of the first component and/or a second geometric dimension of the first component relative to a second component. A controller couples to the sensor. The controller monitors the first geometric dimension and/or the second geometric dimension, and in response to a detected change in the first geometric dimension and/or the second geometric dimension determines a remaining service life of the first component.