In this paper, we estimated the degree of pipe thinning by using two accelerometers. It uses measured velocity of flexural wave traveling along the pipes. If the thickness of the wall decreases because of pipe thinning, flexural stiffness of the pipes decreases and accordingly, traveling velocity of flexural wave decreases. Thus, if we install two vibration sensors outside of the pipes and measures traveling velocity of flexural waves regularly, we can estimate and monitor the degree of pipe thinning quickly. In order to test the method we experimented with pipes, and get the result that group velocity varies according to the degree of pipe thinning. It verified this method can be used to monitor the pipe thinning.