Systems and methods for real-time detecting and quantification of surface and bulk corrosion and erosion in materials involve measuring and characterizing the electrical resistances, capacitances, and/or inductances of the materials and their interfaces, preferably by using an impedance analyzer precision LCR meter. The materials may be metals, non-metals (such as plastics, polymers, cements, concrete, ceramics, rocks and soils) and composite materials with various types of material constituents (such as metals, plastics, polymers, and cements).