A method of monitoring and assessing contact tip useful life in a GMAW-pulse application. The pulse welding waveform includes current and voltage that periodically change between peaks and background. The welding current and voltage are measured on a series of repeated representative welds. The data that corresponds to the arc start and the arc stop of a weld is removed. The data is averaged for each representative weld, which corresponds to production of welded parts and/or usage of the contact tip. The deterioration of the contact tip is assessed based on one or more of (i) a decrease in the frequency of the peaks, (ii) an increase in the length of the background, and (iii) an increase in the occurrence of abnormal low voltage. The assessment is outputted as contact tip life data, and continuously fed to a controller or operator.