Cole is located along State Highway 74B.
There were 169 households out of which 40.2% had children under the age of 18 living with them, 71.0% were married couples living together, 4.7% had a female householder with no husband present, and 16.0% were non-families. 13.0% of all households were made up of individuals and 4.1% had someone living alone who was 65 years of age or older. The average household size was 2.80 and the average family size was 2.99.
In the town the population was spread out with 27.1% under the age of 18, 8.5% from 18 to 24, 30.0% from 25 to 44, 25.6% from 45 to 64, and 8.9% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 101.3 males. For every 100 females age 18 and over, there were 104.1 males.
The median income for a household in the town was $40,588, and the median income for a family was $41,750. Males had a median income of $29,732 versus $18,542 for females. The per capita income for the town was $14,474. About 10.2% of families and 10.0% of the population were below the poverty line, including 12.9% of those under age 18 and 11.6% of those age 65 or over.